Group 4

       After reviewing the financial statements from HPIC’s website, it is in my opinion that they are fairly presented. They financials this not for profit provides are prepared using Canadian accounting standards for not-for-profit organizations. The 2015-2016 financial reports state that “contributions of materials are recognized as revenue in the year the contributed materials are distributed. They are measured at fair value, which represents the estimated wholesale price” (p. 8). Everything HPIC’s presents in terms of financials seems to be to charitable organization standards. The preparation of all the financial statements is in accordance with all not-for-profit guidelines and is easily accessed on the company website. The charity has funding reserves of $203k, resulting in a program cost coverage ratio of 22%, of every dollar donated, 79 cents goes directly towards programs or emergency aid relief help. The money comes mostly from private donors such as tho...

Health Partners International of Canada is a relief distribution centre based in Oakville, Alta. And operates through partnerships. The organization's objectives are to increase to medicine and improve health in vulnerable communities. HPIC works alongside medical professionals, NGOs, government agencies and pharmaceutical companies to make a difference in relief operations. HPIC’s health contributions include healthcare for mothers and children and providing emergency medical relief to people. Its top program donors are Johnson + Johnson, Teva, pharma science, methapharm, VITA health. Search Light Pharma, Pfizer, Takeda, RanBaxy and Bayer Bayer Charity Intelligence’s financial review of HPIC explains that it is a medium-sized charity, with donations ranging from $1.2m-$1.8m from the year 2012-2016. The financial review states that HPIC’s administrative cost Is only 2 per cent of revenues and its fundraising cost are 20 per cent of donations. For every $1.00 of your money do...