Muttville Business Case Study

According to Charities & Organizations, non-profit hospitals provide greater proportions of uncompensated care than for-profit hospitals. Uncompensated care is not carried by all nonprofit hospitals. Nonprofit and for profit hospitals are different and offer different types of services .Services like high-level trauma or intensive care burn wards are

According to Daft the main difference is that for-profit organizations’ bottom line is to earn money, while non-profit will focus on social impact (p.13). Therefore, the key stakeholders’ expectations would be within the increase profit and market position of their organization. In contrast, regarding the non-profit organization the expectations are parallel to diversity of the stakeholders. For instance in the case of the Salvation Army, the volunteers, customers, donors, and government agencies, will have different expectations of the organization, while the leadership would balance those expectations to achieve the non-profit goals.

It is also possible that a nonprofit hospital, especially in a large city, may be busier at any given time than a for-profit hospital. To get an idea of what a large city’s nonprofit hospital is like, you can recall the television show “ER,” which was set in a nonprofit hospital. By treating everyone regardless of ability to pay, nonprofits provide a needed service (Writing, 2012). The IRS interprets this reasoning in their rulings.

They are similar to for profit facilities because they are considered private corporations and are not subject to the rules and regulations that govern public facilities (public and or governmental controls and oversight, public employment laws etc.). They are given tax exempt status and, therefore, fall under 501(c) (3) of the Internal Revenue Code, which obligates them to provide a benefit to the community such as charity care (Harris, 2014). Not for profit hospitals are governed by a body of trustees which are beholden to the fiduciary duties of the not for profit corporation. Not for profit hospitals are allowed to make a profit, but are required to use the funds for charitable

What are the major differences in recording transactions for a for-profit organization versus a not-for-profit, or are there any? For-profit organization would record certain transactions under Owner’s Equity, whereas the Not-for-Profit would use Net Assets. Also, a for-profit would not show restrictions on Owners’ Equity.

In contrast to corporations serving stakeholders and customers; nonprofits are ultimately directed to serving the public or specific groups and audiences. Unlike corporations who distribute a product, nonprofits services are delivered in the form of intangible or tangible products. Boards of these organizations are not structured in the same preciseness as those of major corporations. Companies with large resources have the

when explaining a 501(c)(3), however both include a company mindset that aims to help a

Whereas a not-for-profit healthcare provider, cannot share their profits with any shareholders since they receive a tax-exempt status as long as their services are towards the members of the surrounding communities and are following a stricter set of rules and regulations. Non-for-profit healthcare providers are also seen as a voluntary healthcare organization and are known for providing charity care, especially to those that are uninsured.

Not for profit organisations consist of organisations that are not run for the profit or personal gain of individual/s. They are often referred to as charities and provide benefit services to society, often encouraging people to band together by sharing resources to achieve a common goal. Profits can be obtained by these organisations but must applied for the organisations purposes. These organisations include Surf life-saving, Churches, and Salvation Army etc. (Sessoms, 2014).

A nonprofit organization profits or net income needs to be done to assuage the public. In

The Regional Manager( Scot Sode) approved David Mosley as the district manager for the West Tennessee district. The West Tennessee district is made up of 12 department stores in rural areas including Humboldt,Tennessee. The store manager for the Humboldt store is managed by Tiffany Glenn. This store has an assistant manager, Shawnita Love, that carries out the duties when the store manager is unavailable. There is a supervisor that follows the store and assistant manager when more leadership is needed. There are five additional part-time cashiers,Martha,Zorrick, ShaKendra, Carla, and Krystal, that assist the customers with their purchases and ordering.

Nonprofits especially appeal to individuals who are passionately committed to a cause, enjoy pursing public issues and love their work. Attempting to classify all the organizations that make up the nonprofit sector is difficult. Some of these organizations are somewhat esoteric by nature, especially single-issue organizations like those dedicated to sickle cell anemia or the prevention of cruelty to laboratory test animals. Other nonprofit groups are much broader in scope, like the United Way.

A nonprofit organization is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals. Therefore, people involved with NPO's do not make money for themselves. Any money made by an NPO in the U.S. can be viewed on the organization's 990 forms, which are required to be made available to public.

A not for profit organization is a corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive (Legal, 2013).” There are immense community benefits as a not-for-profit generally accepts everyone regardless of ability to pay. Nonprofit organizations are granted tax-exempt status which helps them to provide services to the public and are expected to be effective managers of their finances as well as being efficient (Financial Management, 2010). In doing so, they can gain exemptions from federal and state incomes taxes and have the ability to solicit tax-deductible contributions (Financial Management, 2010). Organization must follow legal financial

Any company aim is to increase the profit for the share holders, receive dividend (distribution of profits) in order to invest again or issue shares (selling part of the capital, method mainly used by big business to avoid asking bank loans and have liquidity – cash flow), take bank loans, while non for profit organization aim, is not to gain profit or save money but to spend for social purposes, explaining how the money was spent. There are four main types of charities structure; Charitable incorporated organization, Charitable Company,