Little Flowers Day Care Operates as a Parent-Run Organization

Little Flowers Day Care operates as a parent-run organization.A group of parents meets monthly to review expenditures, both recent and forthcoming.They also set the fees, which are reviewed annually.As a non-profit group they do not pay taxes.What is most likely the objective when they prepare their financial statements?

A) Performance evaluation
B) Cash flow prediction
C) Income smoothing
D) Tax minimization