One: Accountability means being obligated to answer questions, accepting, and being responsible for making decisions (Brinkerhoff, 2003). Nonprofit organizations are equally accountable to the organization and community they aim to serve. Adapting methods that suit the organization is vital as long as it complies with laws, regulations. Brinkerhoff (2003) states, “Accountability enhancing strategies can focus on: reducing abuse, assuring compliance with procedure/standards, and improving performance/learning.” HCO board members have the responsibility to ensure that quality service is provided, financial stability, and growth. Additionally, HCO and the board of directors should implement strategies for reaching out to the greater community to increase visibility while obtaining viable information that will help with the delivery of change. Communicating well with stakeholders regarding performance and organizational expectations requires transparent processes (Knickman & Kovner, 2019, p. 354). Thus, board members who are keen on advocating for and protecting the organization’s goals and mission are key to ongoing success.
Two: Jonas et al. (2019) states that health care organizations (HCOs) obtain inputs from society, such as workers and medical devices, and add value, such as treatments, to make unhealthy people healthy again or to keep people healthy. Patient care and getting them feeling better is the number one concern of health care organizations. Most nonprofits are regulated by the state in which the organization was founded. Nonprofit boards are often self-perpetuating: that is, the existing board members select new members when opening arise (Jonas et al. (2019). When it comes to being accountable in the health care system, it is the boards responsibility to make decisions that will be in the best interest of the stakeholders. Numerous mechanisms of accountability are available to nonprofits, such as greater transparency and disclosure, performance assessment, industry self-regulation, and adaptive learning. But leaders must adapt any such mechanisms to suit their organization (Elbrahim, 2010). The overall idea of an effective mechanism for nonprofit HCO is the fact that the decision is in best interest of its staff, patients, the community, and families. Assessments/surveys is the number one thing I see that is used due to the fact that the person filling it out is completely anonymous while being honest. Nonprofit organizations seeking to amplify the voices of clients face decisions about selecting the right combination of mechanisms as they aim to implement tools and processes conducive to the local operating environment of the nonprofit (Winberry, 2017).
References:
Ebrahim, Alnoor. The Many Faces of Nonprofit Accountability. 11 Mar. 2010, hbswk.hbs.edu/item/the-many-faces-of-nonprofit-accountability.
Jonas, Steven, et al. Jonas & Kovner’s Health Care Delivery in the United States. Springer Publishing Company, LLC, 2019.
Winberry, Natalia. “ASU Lodestar Center for Philanthropy and Nonprofit Innovation.” How Can Nonprofit Organizations Improve Accountability to the Populations They Serve? | ASU Lodestar Center for Philanthropy and Nonprofit Innovation, 2017, lodestar.asu.edu/blog/2017/08/how-can-nonprofit-organizations-improve-accountability-populations-they-serve.
Not all communities are equally made up of individuals who have the means to support their needs financially. Knickman & Kovner states, “HCO governing boards may include physicians and others knowledgeable about health care delivery, experts who understand finance and banking, individuals who can help raise resources to support the organization, and others who represent patients and community interests” (2019, p. 345). Board of directors are critical to the functioning of the organization and are ultimately the ones held accountable if they do not act in the best interest of the organization.
Brinkerhoff, D. (2003). Accountability and health systems: Overview, framework, and strategies.
List the active reading strategies identified in the texts you read for this module. Decide which ones will be included in the document you design to teach fellow SLU students about Active Reading.
Decide the look, design, and platform (brochure, bookmark, flyer) for your document.
What app works best for designing the kind of document you’re making? Is there a template available that can save you the trouble of designing the layout of the page? (Hint: Windows users might consider MS Publisher, and Mac users might consider Apple’s Pages. Each of those apps has plenty of available, creative templates to get you started.)
What color scheme, font make sense for what you are trying to do?
How can you share things you make in that app? (Hint: most apps can export or print to PDF.)
Decide what content goes where.
What do the students you are teaching need to know to be able to read actively?
In what order do they need to learn those things, and how will they navigate the document?
What legal graphics, pictures, fonts, colors, spatial layout would help them understand the concepts you are trying to teach them?
Write your content and build your document.
Annotate your final document, justifying or explaining the choices you made in it by providing at least 8-10 separate annotations.
Additional side notes:
Choose to design your own flyer, bookmark, or brochure.
You should have an overall purpose/theme for your design.
Make sure that any images used are cited in a Works Cited in proper MA format (you can use easybib.com for example to assist you.
In your writing, include the terminology you have been learning in this module. Use it to help explain and justify what you chose the images you did, colors, font style, every piece of the work you are designing. “I like it” is not a good response.
Details are important, so think about the project you are designing, why, and use the terminology of the module to assist you in writing about it. Be sure to run grammarly or MSWord grammar check before submitting.
While there is no word limit per se, think about 400-500 words, as that provides plenty of room to discuss your choices. At the same time, make sure you are writing concisely and precisely–not wordy.An introduction to the company, including background information.
A financial statement review.
Pro Forma financial statements (Balance Sheet and Income Statement) for the next two fiscal years, assuming a 10% growth rate in sales and Cost of Goods Sold (COGS) for each of the next two years.
A ratio analysis for the last fiscal year using at least two ratios from each of the following categories:
Liquidity
Financial leverage
Asset management
Profitability
Market value
Calculate Return on Equity (ROE) using the DuPont system.
Assess management performance by calculating Economic Value Added (EVA).
Evaluate the soundness of the company’s financial policies (e.g. capital structure, debt, leverage, dividend policy, etc.) based on the material covered during class.
A synopsis of your findings, including your recommendations and rationale for whether or not to purchase stock from this company.
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