Understanding not-for-profit financial statements. Go to the Web site of a not-for-profit organization. Are audited financial statements provided on the Web site? Is other financial information made available? Assuming you are a potential donor, evaluate its performance compared with similar organizations. What benchmarks (or industry averages) for this type of not-for-profit did you use in your evaluation? Were they financial or nonfinancial indicators of performance? [Hint: Goodwill Industries International, Inc., is a not-for-profit organization (http://www.goodwill.org). The BBB Wise Giving Alliance (http://www.give.org) and GuideStar (http://www.guidestar.org) has comparison data on not-for-profit organizations.]
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