A Financial Health Index for Achieving Nonprofit Financial Sustainability

2012 ◽  
Author(s):  
John Zietlow
Keyword(s):  
Financial Sustainability ◽  
Financial Health ◽  
Health Index

scholarly journals Nine Indicators to Assess the Financial Issues of Local Government Administrations in Haiti

2019 ◽  
Vol 6 (2) ◽  
pp. 7
Author(s):  
Christophe Providence
Keyword(s):  
Scientific Literature ◽  
Measurement Model ◽  
Point Of View ◽  
Financial Sustainability ◽  
Financial Health ◽  
The West ◽  
Financial Flexibility ◽  
Goods And Services ◽  
Financial Measurement ◽  
Financial Issues

<p>The measurement of the financial issues of local public administrations has never been addressed in the scientific literature on Haiti, either from the point of view of accountability or the evaluation of local public actions. However, the provision of local public goods and services depends on the financial situation of these local public administrations. In this paper, the financial measurement model will be based on nine indicators, three for financial sustainability, three for financial flexibility and three for financial vulnerability. The results demonstrated not only the difficulties faced by municipalities in the West Department in financing their supply of local goods and services to taxpayers, but also the profound disparities in the evolution of their financial health over the period 2015–2018.</p>

Financial Conditions, Financial Sustainability, and Intergenerational Equity in Local Governments

2018 ◽  
pp. 101-124 ◽  
Author(s):  
Francesca Citro ◽  
Giovanna Lucianelli ◽  
Serena Santis
Keyword(s):  
Quality Of Life ◽  
Local Governments ◽  
Intergenerational Equity ◽  
Financial Sustainability ◽  
Financial Health ◽  
Financial Conditions ◽  
Key Concepts ◽  
Narrative Literature ◽  
Narrative Literature Review

The chapter offers a necessary summary of the key concepts of financial conditions, financial sustainability, and intergenerational equity in local governments through a close examination of different approaches. Focusing on a narrative literature review approach, the chapter has two main aims: first, to provide evidence on how to define the terms of theoretical and practical underpinnings to represent financial conditions in local governments in order to clarify the distinctive feature of financial conditions with a particular focus on the specific measures for budgetary solvency: sustainability, flexibility, and vulnerability; second, taking into account that the link between financial sustainability and intergenerational equity seems to be under-investigated, the authors discuss what the conditions for achieving financial health are while ensuring intergenerational equity with reference to the level of citizens' quality of life.

scholarly journals COVID-19 and Financial Sustainability of Academic Institutions

2021 ◽  
Vol 13 (7) ◽  
pp. 3903
Author(s):  
Oleg V. Pavlov ◽  
Evangelos Katsamakas
Keyword(s):  
Higher Education ◽  
Scenario Analysis ◽  
Business Models ◽  
Financial Sustainability ◽  
Financial Health ◽  
Academic Institutions ◽  
Long Term Effects ◽  
Sustainable Business ◽  
Sustainable Business Models

The COVID-19 pandemic has had a significant impact on higher education. Steering academic institutions through the pandemic is a complex and multifaceted task that can be supported with model-based scenario analysis. This article studies the short-term and long-term effects of the pandemic on the financial health of a college using scenario analysis and stress testing with a system dynamics model of a representative tuition-dependent college. We find that different combinations of the pandemic mitigation protocols have varying effects on the financial sustainability of an academic institution. By simulating six individual components of the COVID-19 shock, we learn that due to the causal complexity, nonlinear responses and delays in the system, the negative shocks can propagate widely through the college, sometimes with considerable delays and disproportionate effects. Scenario analysis shows that some pandemic mitigation choices may destabilize even financially healthy institutions. The article concludes that higher education needs new sustainable business models.

scholarly journals Gestão e sustentabilidade econômico-financeira em empresas de oftalmologia

2021 ◽  
Vol 21 (83) ◽  
Author(s):  
Cláudio Augusto Junqueira Carvalho ◽  
Luciana Carvalahais de Carvalho ◽  
Murilo Alves Rodrigues ◽  
Sílvia Andrade Carvalho Rodrigues
Keyword(s):  
Great Difficulty ◽  
Future Generations ◽  
Financial Sustainability ◽  
Health Administration ◽  
Financial Health ◽  
Good Practices ◽  
Medical Fees ◽  
New Challenges ◽  
Culture Development ◽  
Financial Result

A sustentabilidade, conceito tradicionalmente associado à preservação do meio ambiente em benefício de gerações futuras, hoje, liga-se também aos objetivos de manutenção econômico-financeira da própria organização. Alinhamento de processos, visão corporativa, desenvolvimento de cultura, uso de indicadores para medição de resultados, adaptabilidade do planejamento e metas, manutenção da contabilidade dentro dos critérios de boas práticas, difusão interna de conhecimento e abertura para inovações são os fundamentos mais importantes para a sustentabilidade econômico-financeira. Além disso, ter um olhar social, retribuir a sociedade os bons resultados é sustentabilidade no seu conceito mais nobre. Para ser competitiva, a organização precisa se tornar sustentável. Em saúde, o atual desafio para se manter é conhecer seus custos, para que se possam reduzi-los sem prejuízo na entrega. Esse é o grande desafio para ser competitivo: agregar valor à entrega. Na oftalmologia, os honorários médicos nem sempre são somados ao resultado da empresa, o fluxo de caixa é confundido com lucro e traz problemas sérios à saúde financeira, a dedicação do profissional de saúde é posta acima valendo mais um hospital equipado que um resultado financeiro positivo, o amor exagerado dos médicos pelos próprios interesses gera uma dificuldade grande de trabalhar em equipe, entre outros motivos, estes têm impedido o crescimento das clínicas e mesmo levado ao seu encerramento. Resultados sustentáveis associados à boas práticas preparam as empresas para tempos de crise, como a do coronavírus, e preparam para novos desafios, como o mercado de aquisições e fusões, superaquecido.Palavras-chave: sustentabilidade; administração em saúde; oftalmologia Management and economic and financial sustainability in ophthalmology companies ABSTRACTSustainability, a concept traditionally associated with preserving the environment for the benefit of future generations, today is also linked to the organization's economic and financial maintenance objectives. Process alignment, corporate vision, culture development, use of indicators to measure results, adaptability of planning and goals, keeping accounting within the criteria of good practices, internal dissemination of knowledge and openness to innovations are the most important foundations for the economic and financial sustainability. In addition, having a social view, giving society good results is sustainability in its most noble concept. To be competitive, the organization needs to become sustainable. In health, the current challenge to maintain is to know your costs, so that you can reduce them without prejudice to delivery. This is the great challenge to be competitive: add value to delivery. In ophthalmology, medical fees are not always added to the company's results, the cash flow is confused with profit and brings serious problems to financial health, the dedication of the health professional is put above worth an equipped hospital rather than a positive financial result , the doctors' exaggerated love for their own interests creates a great difficulty to work as a team, among other reasons, these have impeded the growth of clinics and even led to its closure. Sustainable results associated with good practices prepare companies for times of crisis, such as the coronavirus, and prepare for new challenges, such as the overheated acquisitions and mergers market.  Keywords: sustainability; health administration; ophthalmology

Does municipal fiscal distress hinder inter-municipal cooperation?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Matteo Bocchino ◽  
Emanuele Padovani
Keyword(s):  
Functional Integration ◽  
Financial Sustainability ◽  
Financial Health ◽  
External Funding ◽  
Content Type ◽  
Factors Affecting ◽  
Prior Literature ◽  
Research Gap ◽  
Second Tier ◽  
Fiscal Distress

PurposeInter-municipal cooperation (IMC) has been increasingly adopted worldwide to tackle issues of size and cost reduction in the provision of public services. Although the determinants of cooperation among municipalities have been widely investigated in the prior literature, little is known about the link between a municipality's financial health and that of the supra-municipal entity formed under IMC. The purpose of this study is to fill this research gap by analyzing the case of municipal unions (MUs) in Italy.Design/methodology/approachA quantitative approach has been used, applying OLS and quantile regression on financial information and other variables of municipalities and their MUs.FindingsThe study finds that the most important condition of operation for IMC, that is, financial sustainability, is directly linked to the financial health of member municipalities and the functional integration reached with the supra-municipal entity.Originality/valueThe study analyses all MUs in Italy, focusing on the factors affecting their financial sustainability. In doing so, it sheds light on the factors that influence the financial sustainability of second-tier governments, which rely on external funding.

scholarly journals Financial sustainability of statewaqfinstitutions (SWIs) in Malaysia

2019 ◽  
Vol 10 (2) ◽  
pp. 236-258 ◽  
Author(s):  
Maliah Sulaiman ◽  
Muntaka Alhaji Zakari
Keyword(s):  
Design Methodology ◽  
Future Research ◽  
Financial Sustainability ◽  
Ratio Analysis ◽  
Financial Health ◽  
Content Type ◽  
Administrative Costs ◽  
Muslim Countries ◽  
Operating Margin ◽  
Practical Implications

PurposeThis paper aims to measure the financial sustainability and vulnerability of state-managedwaqfinstitutions in Malaysia.Design/methodology/approachThe study mainly applied the commonly used Tuckman and Chang’s (1991) model to measure the financial health of non-profits. Content and ratio analysis of the 2014 audited reports of seven institutions were used to determine their equity balance, revenue concentration, administrative costs and operating margin ratios.FindingsThe results indicate that only onewaqfinstitution was financially sustainable in all the four components.Research limitations/implicationsBecause the data used are not the latest and focussed only on a single year, the findings may not be necessarily true, currently. Second, the study focussed only on Malaysia. Thus, the results may not be generalisable to otherwaqfsin other countries or to privately managedwaqfinstitutions. Accordingly, future research should address these limitations.Practical implicationsThe findings provide useful insights into the financial sustainability ofwaqfinstitutions and highlight the need for policymakers in Malaysia and other Muslim countries to give due attention to the holistic accountability ofwaqfinstitutions to ensurewaqf’ssystematic revival.Originality/valueThe paper, being the first to investigate the financial sustainability and vulnerability of statewaqfinstitutions in Malaysia, serves as a reference for future researchers.

A Fourfold Portrait of Consumer Financial Health

2014 ◽  
Author(s):  
Carsten Erner ◽  
Craig R. Fox ◽  
John S. Chalekian ◽  
Gabriel De La Rosa ◽  
Christopher Trepel
Keyword(s):  
Financial Health
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