November 29, 2018
HomeCare magazine quoted National Healthcare Leader Matthew Bavolack in an article about the factors driving providers to transition between not-for-profit and for-profit status.
HomeCare
By Greg Shulas
Excerpt:
“If the nonprofit’s endowment shrinks, it has to run as a for-profit entity even though it is a nonprofit,” Bavolack said, adding that poor business performance is a primary reason for why nonprofits must give up their tax-exempt classification.
