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Financial Analysis of Lee College
Robert Drumm
Ashford College
ACC380: Accounting for Not-for-Profit Organizations (BBK1449A)
Instructor: Melody Clements
January 19, 2015

Abstract
In order for managers and key decision makers in an organization to provide proper guidance, they must first have a full understanding of how their company is doing financially. Since Lee College is a private organization the regulating authority is the Financial Accounting Standards Board (FASB.). This paper focused on three main financial statements of Lee College; Statement of Activities, Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets, and a Statement of Changes in Net Assets. The referenced statements were composed and analyzed in order to provide Lee College’s stakeholders an accurate assessment of the organization’s financial health for fiscal year 2014.
Financial Analysis of Lee College
The three main financial statements of Lee College; Statement of Activities, Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets, and a Statement of Changes in Net Assets were prepared using the data that was provided. These statements were used to determine the financial condition of Lee College.

Statement of Activities
The main purpose of the statement of activities is to provide an organization’s management with the effects of transactions and other events that change the amount and nature of net assets. It displays the relationships of those transactions and other events and circumstances to each other. In addition, the statement of activities helps to explain how effective the organization is utilizing its resources. This change of net assets represents changes that occurred the period of one year.
Using the data provided, a statement of activities was created and is displayed in table 1 for the

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