Guide -Access and Analyze Quarterly and Annual Financial Reports

1. Understanding the Business Structure

Most large nonprofits and healthcare providers have the following business structure:

• Board of Directors: Oversees the organization’s activities, ensures compliance with laws, and sets strategic direction.
• Executive Leadership: Includes the CEO, CFO, and other key officers who manage day-to-day operations.
• Operational Divisions: These might include healthcare services, emergency services, community services, housing, and other programs depending on the organization.
• Administrative Departments: Includes finance, HR, IT, legal, marketing, and fundraising.
• Regional or Local Chapters: For large nonprofits, regional chapters operate semi-independently under the guidance of the national organization.

2. Accessing Financial Reports

a. IRS Form 990

• Nonprofits in the U.S. are required to file an IRS Form 990 annually, which includes detailed financial information.
• You can access these forms through platforms like:
  • GuideStar
  • Charity Navigator
  • ProPublica Nonprofit Explorer

b. Annual Reports

• Most organizations publish annual reports, which include financial statements, summaries of activities, and key achievements.
• These can typically be found on the organization’s official website under a section like “About Us” or “Financials.”

c. SEC Filings (For Publicly Listed Companies)

• If any related entity is publicly traded (e.g., healthcare providers), they must file quarterly and annual reports (Form 10-Q and Form 10-K) with the SEC.
• These can be accessed through the SEC’s EDGAR database.

3. Typical Reporting Structure

• Quarterly Reports: These include financial statements such as balance sheets, income statements, and cash flow statements, along with management’s discussion and analysis (MD&A) of the organization’s performance.
• Annual Reports: Include a comprehensive overview of the organization’s performance over the year, along with audited financial statements.

4. Steps to Access Historical Financial Data

1. Visit the Organization’s Website:
   • Go to the official website of the organization you’re interested in.
   • Look for sections titled “Financial Reports,” “Annual Reports,” or “Transparency.”
2. Use Financial Transparency Platforms:
   • Use platforms like GuideStar, Charity Navigator, or ProPublica’s Nonprofit Explorer to find historical IRS Form 990 filings.
   • Search by the organization’s name to find available records.
3. Contact the Organization Directly:
   • For very specific financial data or for periods not publicly available, consider contacting the organization’s finance or public relations department.
   • They may provide historical financial reports upon request, especially for research or academic purposes.
4. Research SEC Filings (If applicable):
   • Use the SEC’s EDGAR database to search for quarterly (10-Q) and annual (10-K) filings if the organization or its affiliates are publicly traded.

5. Examples of Reporting Links

• American Red Cross:
  • Annual Reports
  • Financial Statements
• Salvation Army:
  • Financial Information
  • Annual Reports
• Habitat for Humanity:
  • Annual Reports and Financials
  • 990 Forms
• Partnership HealthPlan of California:
  • Annual Financial Statements

6. Requesting Historical Data

• Some older reports or data not available online may be requested directly from the organization or through a Freedom of Information Act (FOIA) request, especially if it involves publicly funded organizations or government-related entities.

By following these steps, you can access and analyze the quarterly and annual financial reports of these organizations to understand their business structure and performance over the years.