Standards for private organizations

2020 Edition

For-Profit Administration and Financial Management (AFM) 1: Purpose

The organization has a written mission or purpose statement that:
  1. delineates the scope of services provided;
  2. is responsive to the needs and aspirations of the community; and
  3. serves as a benchmark of organizational effectiveness.
2020 Edition

Currently viewing: FOR-PROFIT ADMINISTRATION AND FINANCIAL MANAGEMENT (AFM)

VIEW THE STANDARDS

Purpose

The for-profit organization ensures accountability through effective administration and management, and sound financial management practices.
1
The organization's practices reflect full implementation of the standard.
2
Practices are basically sound but there is room for improvement; e.g.,
  • The purpose or mission statement is in effect and useful in guiding the organization, but it needs updating and is currently under review.
3
Practice requires significant improvement; e.g.,
  • The purpose or mission statement is poorly written or outdated and as a result, it has limited use in guiding organizational decisions; or
  • Provision of human services are not identified as a major component or focus of the organization.
4
There is no written purpose or mission statement or the organization's practices and services are at odds with its stated mission or purpose.
Self-Study EvidenceOn-Site EvidenceOn-Site Activities
  • Organization’s mission or purpose statement
No On-Site Evidence
  • Interviews may include:
    1. Owner
    2. CEO or designee
    3. Relevant personnel
  • Network interviews may include:
    1. Network providers