HS 2200 Lecture Notes - Lecture 14: Minneapolis, Market Analysis, Product Liability
Document Summary
14/ week 14: earned income and risk management. Income from payment for goods or services that the nonprofits has provided (in contrast to contributed income) Revenue generated from the sales of goods, services rendered or work performed. Most revenue in the nonprofit sector is earned income, especially in the education and healthcare subsectors. Most government funds received by nonprofit organizations are earned income. Medicare and medicaid (fees charged by hospitals etc, are paid by ^) Two prominent examples of earned income strategies. Push factors (negative) that push np into earned income. Decline in government funding for social programs. Shift toward a voucher approach in govt funding. Use of competitive contracts in govt outsourcing. Increase in the number and needs for nonprofit organizations. Diversifying sources of revenue, thereby gaining protecting from changes in funding environment. Using earned income strategies to help advance specific missions. Increasing focus and sharpening goals and management skills throughout the organization.
