Online (via Zoom) | 9am-12pm PST
About the Workshop
Gaining a true understanding of your organization’s financials and making strategic decisions as a result can increase your long term impact, perhaps more than any other leadership skill. In this class we will explore the basic elements of common nonprofit financial statements and will identify tips to better understand what they mean and how they can be used to determine the health of an organization, specifically in times of uncertainty. In addition, we will review basic "financial jargon" and will discuss the nuances of accounting in the nonprofit sector. Participants walk away with an understanding of how they can use this financial information to make timely, strategic decisions.
Intended Audience: Nonprofit executives, board members, senior staff, and emerging leaders.
Outcomes
- Understanding basic nonprofit financial statements
- Understanding the difference types of nonprofit income
- Learn how to set up your cost accounting to more accurately track costs
- How to interpret nonprofit financial statements
- What other factors to consider when making strategic financial decision, especially in times of crisis and uncertainty
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Ready to take the next step? This workshop is Part 1 of CEN’s two-part Understanding Nonprofit Financials offerings. Join us for Understanding Nonprofit Financials - Part 2 to build on what you’ve learned and dive deeper into key financial ratios, cash flow analysis, fund accounting, and strategies for long-term financial sustainability.
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➤ Discounts Available
