Financial Management in Nursing

Financial Management in Nursing

1. Describe how each statement can be utilize in your health care organization to determine financial health. Include in your description a limitation of each statement.
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a. Income statement
b. Balance Sheet
c. Cash Flow
2. What is IRS form 990? What type of information is included on the form.
3.Access the following document under the learning module for Unit 6. HowToFindFinancialInformationOnHospitals.pdf. Read the document. Then follow the attached instructions to access financial information on the GuideStar website at the following link. https://www.guidestar.org/Home.aspx (Links to an external site.)
3a. Complete the following table base on the information provided on form 990.
Type of Health Care Agency:
Organization’s Name:
Mission:

Number of Employees
Employee Salaries for the most recent year reported. Include the year
Number of Voting Members (Board)
Who is the President of the Board
What was the role of the highest paid employee. How much was the individual paid
Name and Role of Individual who signs the form
3b. Summarize the trends in the agency related to expenses, revenues, and net equity from the two fiscal years provided on form 990. 2c. What is your assessment of the financial health of the organization? (Include literature to support your assessment)

4. Scan the entire 990 form for the agency selected. Identify one interesting piece of information you discovered not previously discussed.

Directions for Using The GuideStar Website.docx

Directions for Using The GuideStar Website
1. Access the web site https://www.guidestar.org/Home.aspx
2. Register for a free account using your WSSU email address. You will be prompted to enter in your zip code. Please use WSSU zip code of 27110.
3. Verify your registration via your WSSU email.
4. Conduct a search of financial information of an non-profit health organization in your area.
5. Click search at the top of the page.
6. Then click organization. Click on Organization. Under the Cause Area select E-Health-General and Rehabilitative
7.
7..Next select Geography Identify NC and Select a County to identify a list of non-profit in your area.
8.

Identify a non-profit health care agency in your area and conduct a search of the financials. Click of show forms 990 on the left section of the screen.