Prepare a financial analysis of a healthcare firm based on the firm’s most recent annual report.
- What is the firm? What does it do? Where does it get its money?
- Looking over the most recent two years, are there any surprising changes in assets or liabilities? Do you see a noted rise in certain revenues or expenses? Are profits rising, falling, or staying flat?
- Look through the “notes” and see if anything jumps out. One-time expenses? Odd write-offs? Legal settlements? Unexpected costs?
- Calculate the major financial ratios and, if possible, compare them to accepted ratios for the industry. (For nonprofits this is very hard)
- What percentage of the fund-balance is restricted (for nonprofits)? Why are the funds restricted?
- If it is a for-profit firm, did the firm pay dividends? How much?
- If the firm raises funds, what is the cost of its fund-raising? That is, what percentage of all funds raised needs to be expended on the fundraising operation?
Note: These are very large groups. You needn’t have everybody in the group speak during the presentation. I will assume that all contributed to the project.
Group 1
Abusharr, Elias, McGulgan, Vrabel, Ali, Garibaldi, Mironidis, Vulapalli
Group 2
Arvind Maheta, Guadalupe, Mostoff, Wessler, Xiao, Aydinoglo, Gulati, Obed
Group 3
Benbrahim, Horwath, Asante, Dominguez, Brenner, Krynicka, Reismann, Golliday
Group 4
Bruno, Kurti, Solomon, Casareno, Liang, Stepniak
Group 5
Chen, Mahoney, Stone, de los Santos, Masud, Thuzar
Assignments:
Group 1 Smile Train
https://www.smiletrain.org/sites/default/files/2021-01/smile-train-annual-report-fy19.pdf
Group 2 Catholic Relief Services
https://www.crs.org/sites/default/files/crs-annual-report-2019.pdf
Group 3 Bill and Melinda Gates Foundation
https://www.gatesfoundation.org/about/financials/annual-reports
and
https://www.gatesfoundation.org/Who-We-Are/General-Information/Financials
Group 4 Doctors Without Borders (USA)
https://www.doctorswithoutborders.org/sites/default/files/documents/MSF_ANNUAL%20REPORT_2019%20-%20website%20PDF.pdf
Group 5 Hackensack Hospital
https://www.hackensackmeridianhealth.org/about/annual-report/