Wednesday, December 28, 2011

How would you describe the financial health of St. Jude Children's Research Hospital?

St. Jude Children's Research Hospital is unique in that it was founded on the principle that no child is denied care based on religion, race, or a family's ability to pay. Though it may seem like taking in children whose families cannot pay may lead to financial instability, St. Jude is a premier fundraising institution, which allows it to keep up on operational costs.


According to St. Jude's 2015 fiscal year financial statement, the hospital increased its year-over-year total in assets (3.9 billion in 2014; 4.1 billion in 2015), which includes cash on hand, contributions, and property and equipment.


In addition to receiving funds thanks to fundraising activities, St. Jude has been able to maintain its financial health thanks to an investment strategy that has proved successful (2.1 billion in unrestricted investments in 2014; 2.3 billion in 2015).


The hospital has also created a strong work environment. It employs nearly 4,000 people and is number 47 on Forbes' list of best midsize employers.

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