Social and Behavioral Sciences Commons^™

Financial Condition Analysis: Louisville Orchestra, Louisville Ballet And Speed Art Museum, Andrew Pashoian

MPA/MPP/MPFM Capstone Projects

Many factors can affect the financial status of a nonprofit entity, but at the core level, financial condition is the ability for an organization (for-profit or not-for-profit) to meet current and future financial commitments. Moreover, further insight into this definition is more complex in nature according to some academics. Maher, Ebdon, and Bartle (2020) mention definitions for financial condition that focus on time. For example, short-term financial health typically focuses on the ability to meet obligations in a 30 to 60-day period with cash on hand. Long term financial condition includes the capacity for an organization to meet annual obligations …