Financial performance trends of United States Hockey Inc: a resource-dependency approach

Peter Omondi-Ochieng
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Peter Omondi-Ochieng: University of Louisiana at Lafayette, Lafayette, Louisiana, USA

Journal of Economics, Finance and Administrative Science, 2019, vol. 24, issue 48, 327-344

Abstract: The purpose of this paper is to examine the 2009 to 2016 financial performance of the US Hockey Inc., using financial effectiveness indicators and financial efficiency ratios. With the assistance of financial trend analysis, archival data were used to examine the financial performance (evaluated by net income), financial effectiveness (indicated by total assets and total revenues) and financial efficiency (examined by programme services ratios and return on assets) of US Hockey Inc. On average, the financial performance of the organization was positive ($30,895 net income per year). Financial effectiveness was steady with increases in assets and revenues. Financial efficiency was poor with 79% of revenues spent on programme services and 1.45% average return on asset. The results revealed that national non-profit sports federations can boost their financial performance by maintaining a double strategically focus on both financial effectiveness and financial efficiency

Keywords: Trend analysis; Financial performance; Non-profit organization; Financial efficiency; Financial effectiveness (search for similar items in EconPapers)
JEL-codes: D21 D22 D81 D82 G02 G11 G12 G18 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ris:joefas:0152

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