Red cross financial statements 2018

Financial Analysis American Red Cross

AMERICAN RED CROSS

5

American Red Cross

Ashley Cook

HMSV8408

October 28, 2018

American Red Cross

The American Red Cross is also known as the American National Red Cross which is a charitable firm which is purposely offering the emergency helps, the catastrophe assistance, and the disaster vigilance education within the United States. This agency was established in May 1881 by the person knows as Clara Barton. The main reasons for the formation of the American Red Cross were to assists the Americans who were in distress. The founder who is Clara allowed for the volunteerism to occur thus ensuring that the suffering within the American society is significantly reduced. This organization is under the management of the volunteers of the public for the sake of offering the services to the members of the public. This organization is of great importance because it helps people especially during the occurrences of the natural or the man dame calamities which are likely to prevent people from living their normal way of lives (Cross, 2011).

The management and the operations of the American Red Cross are under the influence of the servant leadership of the individuals who work for this firm. This is important in making sure that the members of the public is being served as per the requirements. Some of the services being offered by the American Red Cross to the members of the public are consisting of the services being provided during the hurricanes, fires, earthquakes, and the floods which are usually destroying the properties of the victims or leading to death cases (Goff, 2015).

Amongst the people who are greatly playing the key roles towards the success of the services being provided by the American Red Cross organization are the doctors, nurses, surgeons, and the firefighters who offer the servant leadership in their practices to make sure that the affected individuals get the quality services. The mission of the American Red Cross is also another factor which greatly contributes to the success of the firm. The mission of the organization is to ensure that there are prevention and the alleviation of the human suffering during the emergency cases through motivating various individuals to volunteer with the help of the generosity as their controlling virtue.

Based on the principle of this firm, The American Red Cross is not funded by the government; its budget comes from donations as well as cost-recovery fees that are charged for some services. In certain circumstances, The American Red Cross receives government money because the government has contracted the Red Cross to carry out some aspect of relief efforts. Because it is a non-profit, charitable organization, the Red Cross is tax-exempt. The organization conducts financial operations using a financial cash flow sheet. The consolidated financial statements present the consolidated financial position and changes in net assets, functional expenses and cash flows of the organization.

The Organization has national and international programs that are conducted by its headquarters, biomedical services, and chartered local chapters. Also included in the consolidated financial statements are the net assets and operations of Boardman Indemnity, Ltd., a 100% owned captive insurance subsidiary, ARC Receivables Company, LLC, a wholly owned bankruptcy-remote special purpose entity, and Delta Blood Bank, LLC, a wholly owned blood bank. All significant intra-organizational accounts and transactions have been eliminated. The reports are generated by a certain time each year and disclose information that covers, property and casualty insurance, revenue recognition, contributed service and materials, income tax, and accounts receivable securitization.

The theory of servant leadership plays important roles as it enable the people working for the American Red Cross to listen and practice mindfulness which makes it for the services to be provided to the people. When the people are listened to, the workers in the American Red Cross become aware of the challenges and the barriers which the people are facing hence coming up with a strategy to reduce the people’s suffering. The listening by the leaders again helps in exposing the prejudice which might affect the manner in which the leader carry out different tasks for the sake of ensuring that the people’s needs are addressed in the most effective way possible.

As far as the leadership theory in the organization is concerned, the leaders are skilled enough and they therefore ensure that the people are not asked for payment after certain services are provided to them. This plays a significant role in providing equality due to the fact that the American Red Cross is supported and funded by volunteers who are well-wishers for the sake of ensuring that the needy in the society do not suffer for the rest of their lives. For the leaders found violating the policies of the organization, disciplinary actions are taken against them thus acting as a warning to the others. (DeFrank-Cole, 2018)

The values of the leaders in the organization play significant roles in ensuring that the manner in which the delivery of services is carried out conforms to the policies of the organization. The American Red Cross should therefore develop strategies in which the beneficiaries of the services provided by the organization are involved in the delivery of the services to the other suffering individuals in the society. The values of leadership theory ensure that the leaders work without having to be supervised by the superiors in the organization. (Schindler, 2018) The American Red Cross is a non-profit organization so therefore I believe their theories and practices go hand in hand with their mission.

References Bryson, J. (2018). Strategic planning for public and nonprofit organizations: A guide to strengthening and sustaining organizational achievement. John Wiley & Sons. Cross, R. (2011). American Red Cross. Washington, DC 50. De Frank-Cole, L., & DeFrank, H. E. (2018). Matrilineal stories of leadership. Women Leadership Journeys: Stories, Research, and Novel Perspectives 2. Goff, B. (2015). Book review: The American Red Cross: From Clara Barton to the New Deal by MM Jones. Liden, R. C., Wayne, S. J., Liao, C., & Meuser, J. D. (2014). Servant leadership and serving culture: Influence on individual and unit performance. Academy of Management Journal, 57 (5), 1434-1452. Maxwel, J. (2018). Developing the leader within you. Leadership, 2. Northhouse, P. (2018). Leadership: theory and practice. Sage Publications. Tabors, C. (2018). A voice or the "Least of these:" Eleanor Roosevelt's Servant Leadership. Servant Leadership: Theory & Practice, 5 (1), 2.