Nonprofit Financial Stewardship is an online program.
I. Mission, money, and impact – “money for what?”
How does a nonprofit know if it’s achieving its goals? What is your organization’s key performance challenge? What are you trying to accomplish and how does it link to your organizations financial plan?
Participants will be invited to:
- Share some information about their organization’s mission, its overall financial condition, and its impact in the world.
- Identify a key challenge that they and their organizations are facing in the strategic financial management/financial stewardship domain.
- Create a draft logic model for one of their organizations key strategic priorities.
II. Understanding financial statements
How do financial statements work? What are the big headlines and challenges?
Participants will use tools to analyze their own financial statements and answer questions about their organization’s financial challenges.
III. Tools, frameworks and concepts in financial management
Participants will use tools and exercises to understand cost accounting, pricing, break-even analysis, and ratio analysis.
IV. Budgeting and resource allocation
How do you allocate your financial resources? How do you think about budget cutbacks? What data are you supposed to be keeping track of to ensure that your financial resources are allocated effectively?
Participants will engage in a case discussion and an interactive exercise.