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    Meals for the Homeless: Evaluate results of telephone calls

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    Consider the revenue results from telephone solicitations by Meals for the Homeless in Exhibit 10. Answer the three question. Exhibit 10 is also attached.

    What do you make of this?
    What are some possible explanations?
    What questions do you have?

    Exhibit 10
    Meals for the Homeless Activity Statement For the Years Ending December 31, 2011, and December 31, 2010.
    2011 2010
    Revenues and Support
    Meals
    Client revenue $ 10,000 $ 8,000
    City revenue 20,000 16,000
    Shelter Counseling
    Client revenue 1,000 1,000
    County revenue 10,000 10,000
    Fund Raising
    Foundation grants 70,000 50,000
    Annual ball 12,000 11,000
    Telephone solicitation 25,000 28,000
    Mail solicitation 48,000 45,000
    Total Revenues and Support $196,000 $169,000

    Expenses
    Food $ 17,000 $ 16,000
    Kitchen staff 35,000 33,000
    Counseling staff 35,000 34,000
    Rent on kitchen locations 15,000 14,000
    Administration and general 75,000 65,000
    Bad debts 4,000 4,000
    Depreciation 10,000 10,000
    Total Expenses $191,000 $176,000
    Increase (Decrease) In Net Assets $ 5,000 $ (7,000)

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    What do you make of this?

    Looks like 2011 was a better year than 2010, at least in terms of revenues exceeding expenditures. However, there was an increase in foundation grants ($20,000) but half of it seems to have been eaten up in larger admin costs ($10,000) rather than homeless services (e.g. food). Since food is up 6.25%, I presume homeless visitors were up 6.25%.

    What are ...

    Solution Summary

    Your tutorial is 288 words and gives four possible explanations and poses four questions to get you started.

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