Performance and vulnerability of non-profit organization in Taiwan — Sampling in private universities

This study examined both performance and prediction of financial vulnerability as dual ways in evaluating the nonprofit organization (NPO) of private universities in Taiwan. Applying fiscal performance (Carbone & Winston, 2004), and four financial distress indicators (Trussel, 2002), obtained 2004-2006, some schools showed declining yearly savings obviously, and the four indicators predicting the financial vulnerability of higher educational organizations. Trussel (2002) found the model using the four indicators in predicting financial vulnerability of charitable organizations, and we followed his model and applied to the private universities and colleges in Taiwan, found that debt ratio, revenue concentration, and yearly saving are significantly associated with the financial vulnerability, but insignificantly with size.