If 1 In 8 Community-Based Organizations Are Insolvent, The Answer Is?
A new report confirmed on a broad scale what my colleagues and I have seen up close for the past decade. The organizations providing community-based health and human services are, as a group, in serious financial trouble. The report findings included:
Nearly 1 in 8 human services community-based organizations (CBOs) are technically insolvent, with total liabilities exceeding total assets.
Nearly half of all human services CBOs reported a negative three-year operating margin, with the bottom quarter reporting a three-year margin of -5% or less.
30% of human services CBOs have virtually no margin for error with . . .