True or False: Mission statements should include a definition of the facility's underlying financial model.

Mission statements serve to articulate the core purpose and values of an organization, focusing on its overall goals and the impact it seeks to have. While a mission statement should capture the essence of what the organization is about, it does not typically delve into specific operational details, such as the underlying financial model.

The function of a mission statement is to provide direction and inspire stakeholders, which means it should remain broad and focused on the vision and mission rather than on financial specifics. Financial models or detailed operational strategies are usually outlined in other strategic planning documents, reports, or business plans, where they can be analyzed in depth without cluttering the mission statement's succinct intention.

In summary, a mission statement is most effective when it communicates the core identity and aspirations of the organization, rather than attempting to define financial strategies or models.