Predicting nonprofit organizations financial distress

John M. Trussel

Chapter 6 in Research Handbook on Nonprofit Accounting, 2023, pp 97-116 from Edward Elgar Publishing

Abstract: Financial distress is a condition that an entity faces when it is experiencing financial problems that question its ability to continue as a going concern. Models that develop early warning signals of financial distress are of great interest to nonprofit donors, grantors, creditors, regulators, auditors, bond-rating agencies, and others. Predicting financial distress typically involves using financial ratios as predictor (indicator) variables in a regression model. This chapter provides a review of the research findings and discusses potential future research to address unanswered questions related to predicting financial distress in nonprofit organizations. The chapter considers the definition, measures, and determinants, the accounting and other data available, and the statistical approaches used to predict financial distress.

Keywords: Business and Management; Economics and Finance; Research Methods (search for similar items in EconPapers)
Date: 2023
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