There is a fine line in any organization when it comes to cash reserves. I read an article this morning about some nonprofit hospitals cash reserves have increased significantly in the last decade and their charitable contributions against those reserves have actually decreased. Interestingly, for-profit hospitals over the same period of time also had increased cash reserves AND had a greater number of charitable contributions.
The Cash Balance
The Cash Balance
The Cash Balance
There is a fine line in any organization when it comes to cash reserves. I read an article this morning about some nonprofit hospitals cash reserves have increased significantly in the last decade and their charitable contributions against those reserves have actually decreased. Interestingly, for-profit hospitals over the same period of time also had increased cash reserves AND had a greater number of charitable contributions.