As the importance of non-profit organizations increases, public accountability of non-profit organization has attracted many discussions from scholars and practitioners in Taiwan. Financial accountability is a crucial dimension of public accountability, and the transparency of financial statements is the core of a good financial accountability. This research discusses the financial disclosure in non-profit hospitals in Taiwan after the amendment of Medical Care Act in 2005 which enforced nonprofit hospitals to reveal their financial statements on line. We use five characteristics of a good financial disclosure to examine the financial statement disclosures of these non-profit hospitals. The five characteristics include relevant, comparability, faithful representation, understability, and accessibility. Through examining the revealed financial statements on line and interviewing stakeholders, we explored the current status of financial accountability in non-profit hospitals. The findings indicate that the relevant and comparability are in relatively good status, but faithful representation and understability still need to be improved. But both scholars and experts argued that accessibility is far away from good. We suggest that firstly, Department of Health needs to have better communication with non-profit hospitals in deciding financial statement formats for disclosure. Secondly, by encouraging more scholars or experts to research the disclosured financial statement in order to provide better information to the public, the ultimate goal of the financial accountability will be achieved.