After completing the Exercise: Adjusting the Budget, develop a budget for a nonprofit organization that is in development to address healthcare needs in a community. You will design this organization and develop the annual budget to support it. Address the following criteria in the paper:
- Name and description of the organization
- A community where it is located
- Description of the community it serves
- Services that it offers the community
- An annual budget with rationales for the amounts
- The budget should include both personnel and non-personal resources
- Equipment and contracts need to be included
- A brief description of your role in this organization (CNO, CFO)
This is to be a 4-5-page paper and include a minimum of 3 scholarly. (MAKE SURE THAT SOURCES ARE AMERICAN ) Community should be Lodi, NJ. This is a fictious assignment but i have provide a budget to review and model
Revised budget Current budget Adjusted Budget Revenue and Income Inpatient Charges $550,000 566500 Outpatient Charges 310,000 334800 Research Grant Support 29,000 14500 Continuing Education Conference 3,200 0 Supplies and Equipment Sales 11,500 11,500 Total Revenue $903,700 927,300 Expenses Salaries $260,000 265,200 Consultant 2,500 2,500 Honorarium 1,500 1500 Minor Equipment 6,000 6,000 Equipment Rental 2,000 2000 Travel 2,500 2500 Telephone 5,000 5000 Supplies 6,000 6000 Postage 350 350 Copy Machine Rental 11,000 11000 Advertisement 1,500 1500 Dues 800 800 Books 350 350 EquipmentMaintenance and Service Contracts 2,000 2000 Total Direct Expenses $301,500 306700 Indirect Expenses Employee Benefits (23%) $59,800 60996 Administration 23,000 23000 Equipment Depreciation 7,200 7200 Physical Plant Operation 39,000 39000 Maintenance and Repairs 2,000 2000 Building Depreciation 6,000 6000 Laundry/Linen 2,500 2500 Housekeeping 4,900 4900 Total Indirect Expenses $144,400 145596 Total Expenses $445,900 452296 Net Profit $457,800 475,004 The net profit is already more than 50% of revenues, so no further cuts would have to be made.