View attached explanation and answer. Let me know if you have any questions.Right At Home OrganizationBalance sheet as at 2019Amount (000)Fixed AssetsClub houseLess DepreciationFuniture, Fixtures and fittingsLess DepreciationMotor VehicleLess DepreciationEquipmentLess DepreciationTotal Fixed AssetsCurrent AssetsAccounts receivablesStockTotal Current AssetsTotal assets150,00075,00020,00010,00030,00010,00028,0006,000Amount (000)75,00010,00020,00022,000127,0002,0005,0007,000134,000Current LiabilitiesBank overdraftAccounts payableLong term LiabilitiesBank loanTotal Liabilities50,00057,000Net Assets77,0002,0005,000Right At Home OrganizationBalance sheet as at 2020Amount (000)Amount (000)Fixed AssetsClub houseLess DepreciationFuniture, Fixtures and fittingsLess DepreciationMotor VehicleLess DepreciationEquipmentLess DepreciationTotal Fixed AssetsCurrent AssetsAccounts receivablesStockTotal Current AssetsTotal assetsCurrent LiabilitiesBank overdraftAccounts payableLong term LiabilitiesBank loanTotal LiabilitiesNet Assets170,00050,00045,00012,00050,00010,00035,0008,000120,00033,00040,00027,000220,0003,0006,0009,000229,0003,0006,00060,00069,000160,000Right at Home OrganizationIncome StatementFor the Year 2019Amount $ (000)ParticularsIncomeContributionsMembership DuesProgram FeesGrantsInvestment IncomeTotal IncomeExpensesFundraising expensesManagement and General ExpenseMajor Programs expensesTotal expensesChange in net assets15,0008,0005,0007,00030,00065,0005,0007,0006,50018,50046,500Right at Home OrganizationIncome StatementFor the Year 2020Amount $ (000)ParticularsIncomeContributionsMembership DuesProgram FeesGrantsInvestment IncomeTotal IncomeExpensesFundraising expensesManagement and General ExpenseMajor Programs expensesTotal expensesChange in net assets20,00010,0006,0009,00050,00095,0006,0008,0005,00019,00076,0001MHA 598 health admin module 4Student NameInstitution AffiliationCourse Number and NameInstructor NameDue Date2RAH Community Benefit SpendingRAH is an organization created to offer medical assistance to children, teenagers, andyoung adults who are not yet independent and suffer from chronic and acute illnesses that hindertheir daily life activities. Like any other organization, financial management is a significant areathat involves handling finances in a manner that allows successful operations and is compliantwith the set regulations. Financial management requires a high level of planning and execution ofthe plans to ensure that finances are efficient and effectively used to meet the organization’s goalsand meet the needs of the consumers (Fugate, 2018). Organizations that have set up a financialmanagement system ensure that several financial functions are combined, such as revenue capitalinflows, fixed asset management, and accounting for every amount of money that has been spent.Financial management is essential as it assists in decision making and provides up-to-date financialreports that indicate the expenditures, which will allow RAH to know how much is required tooffer the services that will benefit the individuals in the community.Community benefit spending programs provide medical assistance and treatment toindividuals within the community, promoting health and healing in response to community needs.RAH organization is of essential benefit to the community as it offers medical help to youngteenagers within the community who are suffering from chronic illnesses. Some individuals maycome from low-income family backgrounds and therefore may not have enough finances to accordtheir children the proper medical care. On the other hand, young children tend to improve theirhealth status when they spend less time in the hospital and get assistance while at home. RAH asan organization ensures that very young children can still receive medical help while still at home(Fugate, 2018). RAH also provides the community with clinical and community health research3where they can…

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