>>The profits in large non-profits are usually distributed to employees and executives in excess pay and benefits.
>Can you provide a link for those stats - would love to see the info
Took a course in insurance principles at Clarkson University nee College. The prof made the point that non-profits are inherently less productive (higher labor costs) as evidenced that the for profits still exist. Say Ford was a non-profit and GM was a c-corp. Which company would you expect to have lower prices for goods and services?
In Seattle SAFECO (stock company) and PEMCO (mutual company) sell almost exactly the same products at about the same price and have been doing so for many years. Both are local companies. One would expect PEMCO to consistently undersell SAFECO. Same with credit unions and savings banks.
>Can you provide a link for those stats - would love to see the info
Took a course in insurance principles at Clarkson University nee College. The prof made the point that non-profits are inherently less productive (higher labor costs) as evidenced that the for profits still exist. Say Ford was a non-profit and GM was a c-corp. Which company would you expect to have lower prices for goods and services?
In Seattle SAFECO (stock company) and PEMCO (mutual company) sell almost exactly the same products at about the same price and have been doing so for many years. Both are local companies. One would expect PEMCO to consistently undersell SAFECO. Same with credit unions and savings banks.