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Hull House: An autopsy of not-for-profit financial accountability

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  • Clemenson, Barbara
  • Sellers, R.D.

Abstract

Analyzing financial information for Hull House, an iconic not-for-profit organization, students are asked to explore the clues to its unfortunate demise. Hull House filed for bankruptcy in 2012 after 123years of service to the Chicago community. Evaluating the reported financial data from Internal Revenue Service (IRS) Forms 990, we seek to determine causes for this event and identify issues the board of trustees might have addressed in the years leading up to Hull House’s ruin that may have changed the outcome for this not-for-profit organization and its 60,000 clients. We also investigate the changing responsibilities of an organization’s leadership as it enters the “zone of insolvency.” This case requires real-life application of financial analysis to the not-for-profit accounting data provided by IRS Forms 990, which are publicly available on the website www.GuideStar.org.

Suggested Citation

  • Clemenson, Barbara & Sellers, R.D., 2013. "Hull House: An autopsy of not-for-profit financial accountability," Journal of Accounting Education, Elsevier, vol. 31(3), pages 252-293.
    • Handle: RePEc:eee:joaced:v:31:y:2013:i:3:p:252-293
    DOI: 10.1016/j.jaccedu.2013.07.002
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    References listed on IDEAS

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