Please select a NonProfit organization and briefly evaluate its financial position through a review of its...

Please select a NonProfit organization and briefly evaluate its financial position through a review of its most recent annual financial statements. What important issues and general observations can you derive from your review?

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Expert Solution

The company that I have selected for the purpose of this review is Watsi. Watsi is a non profit organization that runs crowd funding and donations as part of their mission to provide everybody with Healthcare services with the help of Healthcare service providers. In the last year, they came out with an annual report which had transparency in the way that the company decided to publish it.

No information was kept from the public, no funds were spent in secrecy and, in fact, all the dealings of the organization was revealed for public information. But, instead of revealing their entire cash flow, they revealed the negatives and the positives that they dealt with in that year.

It is interesting to see that even after the implementation of newer machine based systems for scanning the donations as a result of credit card fraudmthe company still had to face a major loss when they had to refund the money lost through credit card fraud. They also revealed how they were able to help a lot of people by screening out for fraudulent information, loss due to bribes asked by the hospital staff and the amount of times that had run out of funds.

The report can be seen at https://watsiDOTorg/2016/

keosha answered 1 year ago

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