Curious about nonprofit finances but not sure where to start? This session is designed for non-financial leaders. Join us to gain confidence in navigating financial information and supporting your nonprofit’s success!
Curious about nonprofit finances but not sure where to start? This session is designed for non-financial leaders. Join us to gain confidence in navigating financial information and supporting your nonprofit’s success!
Curious about nonprofit finances but not sure where to start? This session is designed for non-financial leaders. We’ll break down key financial statements—like the statement of financial position, activities, and cash flow—into simple, easy-to-understand parts. You'll also discover how budgets work in nonprofits and how they help organizations stay on track with their goals. Through straightforward explanations, you’ll learn to spot trends, understand financial strengths and challenges, and see how surplus, or deficit impacts the big picture. Join us to gain confidence in navigating financial information and supporting your nonprofit’s success!
Learning Outcomes:
Explain the Purpose and Structure of Core Financial Statements Identify and describe key components of nonprofit financial statements—Statement of Financial Position, Statement of Activities, and Statement of Cash Flows—and articulate how each supports effective decision-making.
Analyze Budget-to-Actual Variances Evaluate organizational performance by comparing actual financial results to budgeted figures, identifying significant variances, and discussing potential causes and implications.
Identify Financial Trends and Their Implications Use basic trend analysis to recognize patterns in revenue, expenses, and cash flow, and assess how these trends signal financial health or risk.
Assess the Impact of Surpluses and Deficits Interpret the strategic implications of operating surpluses or deficits and understand how they affect long-term sustainability and mission fulfillment.
Apply Financial Insights to Support Organizational Goals Translate financial data into actionable insights to support planning, resource allocation, and organizational strategy—even without a finance background.
