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Financial Management for NonProfit Organizations

Financial Management for NonProfit Organizations. Financial Management for NonProfit Organizations. E-mail: GRZEGORZ.MICHALSKI@UE.WROC.PL www : HTTP://MICHALSKIG.UE.WROC.PL/ Mobile: 48.503452860 5 meetings + 1 exam (test) Next meeting : 11 th March .

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Financial Management for NonProfit Organizations

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  1. Financial Management for NonProfit Organizations

  2. Financial Management for NonProfit Organizations • E-mail: GRZEGORZ.MICHALSKI@UE.WROC.PL • www: HTTP://MICHALSKIG.UE.WROC.PL/ • Mobile: 48.503452860 • 5 meetings + 1 exam (test) • Nextmeeting: 11thMarch. • Reading material: http://skroc.pl/fmno1 | http://skroc.pl/fmno2

  3. The financial aim of nonprofit financial management? • The best realization of the mission measured by maximization of stakeholders profits (both social and financial): • First: how we calculate realization of the general aim in for-profit financial management?

  4. 10 steps to Value Capital structure FCF forecasting IRR Cost of Capital (CC) ∆ V • CR • Operating Cycle • Assets • AP • Capital invested

  5. NonProfit Finance cases: • Hospital / Medical service • School (of something: primary, cooking, musical etc.) • Religion based home of help (ex-drunks, ex-addicts, orphanages, etc.) • Donation based WOŚP etc. • Commune businesses: water-supply institutions • ….

  6. CASE1: Hospital / Medical service • Little nonprofitanticancer service want to buy X-raymachine (48ooo Euros) for mammography. Economical time of life for suchkinds of enginesis 6 years. • According to forecastsitcouldserveup to 2100 patientsmonthly, and they will pay 4 Euros for one scan. Therest of thepayment (10 Euros for one scan) will be paid by localgovernment. • FixedCosts: roomwith one clerc (300 euros/month), diagnostician (2ooo Eurosmonthly), service/repair: 2 times by year (350 Euros)| VariableCosts: Energy, plates and other materials (1Euro per scan). • 20ooo will be covered by debt (kd=8%), therest: equity (unleveraged beta = 0.72) [http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/Betas.html] • NWC: 20% of CR • Number of patients: Year: 200X | 200X+1 | 200X+2 | 200X+3 | 200X+4 | 200X+5 | 200X+6 | 200X+7 | 200X+8..n | Q: 20ooo | 18ooo | 20ooo | 23ooo | 245oo | 24ooo | 252oo | 25ooo | 25ooo |

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