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St. Jude Case

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15. Balance Sheet/Statement of Position:
The nonprofit organization St. Jude presents its audited combined financial statements using a fiscal year that begins in July 1st and ends on June 30th of the following year. For the year ended in June 30, 2014, according to its Combined Statements of Financial Position there was a huge change from 2013 to the 2014. This statement shows that the biggest change happened in its Cash and Cash Equivalent account. In 2013 the total in this account was 42,378,176, and in 2014 it was $129,701,765. The Cash and Equivalent account had an increased of $87,322,589 in 2014. There is nothing on the notes that mentions why is there such a big difference. According to medcity.com this was predicted to happen due to a medical device tax of about $60 that St. Jude would have to pay in 2013. The receivables actually decreased a little in 2014, but the unrestricted investments increased by 362,101,566. Its net …show more content…
Jude’s balance sheet, we don’t believe that they have too much debt in relation to their assets. Their total liabilities for the fiscal year ended in June 30, 2014 are $377,342,075, and the total net assets are $3,559,817,349. Their liabilities are only 10.6% of what they have in net assets. The liability account with the largest balance is the Long-term debt with $223,034,956, it accounts for about 59% of their debt. The categories used for Net Assets are: Unrestricted, Temporarily restricted, and Permanently restricted. The category that holds the largest balance is the Unrestricted with $2,578,631,115. This is more than 70% of their total assets. The Temporarily restricted and the permanently restricted assets are relatively small compared to the unrestricted assets. The balance for the temporarily restricted assets as of June 30, 2014 is $66,082,157, and for the Permanently restricted category is $915,104,075. The Permanently restricted category is greater than the Temporarily restricted by a total of

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