Orange County Rescue Mission Case Study Analysis With Solution
The purpose of this case is to become familiar with the donor’s perspective of Tax Exempt Organization Financial Reports.
You will analyze Orange County Rescue Mission. Please obtain the annual report(s), tax returns (990s), and annual audits for the organization you have been given.
Once you have accessed the Annual Reports, tax returns and annual audits, please read, analyze finanaciallyand answer the following questions as they relate to the organization.
1. Discuss the history of the organization. What type of organization is it? What IRS Code Section is it exempt under?
2. Discuss how well the organizationis performing financially. Include in your discussion liquidity, performance and overall evaluation. Is the organization as strong financially today as it was in the past? Properly support your responses.
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3. Describe the programs and functions of the organization. Include in your discussion how these programs and functions are funded and how successful they are in their endeavors. Discuss their annual performance and overall evaluation. Properly support your response.
(Utilize if there are same information between website and financial statement)
4. Which accounting policies are the most significant and important relative to the Financial Reports and auditsfrom a donor’s perspective, in your opinion? Properly support your response.
5. Discuss the financial and programmatic issues you have noticed in the Annual Reports, tax returns and audits that will be most relevant and significant within the next 5 years for the organization from both the organization’s perspective and the donor’s perspective. Discuss these items – explaining your reasoning for their importance.
6. Would you contribute to this organization? Support your response appropriately.
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