When:
Wednesday, Oct 18, 2017 9:00a -
3:30p

Where:
The NonProfit Center
89 South Street
Boston, MA 02111

Admission:
$109

Categories:
Business, Lectures & Conferences

Event website:
http://www.tsne.org/bnm-telling-your-financial-story

Under today’s economic strain, it is critical that nonprofit leaders understand the “story” behind their organizations’ financial results. Leaders who have a firm grasp of the numbers will be better equipped to convey that story to both internal and external stakeholders. Such leaders will also be better positioned to use historical data to inform annual and strategic plans – connecting the past to the future as they chart a course towards long‐term financial sustainability.

Using audited financial data, participants will gain an understanding of their organizations’ current financial health and trends over time, and how this information compares to industry benchmarks in the nonprofit sector.

Key concepts covered in the training will include:

- Understanding audited financials, including the four key statements:
- Statement of Activities
- Statement of Financial Position (Balance Sheet)
- Statement of Cash Flows
- Statement of Functional Expenses
- Discussion of key indicators of financial health (including relevant benchmarks for each metric):
- Liquid Unrestricted Net Assets
- Months of cash on hand
- Operating results
- Resource allocations among functions
- Calculating financial metrics using an Excel‐based “Nonprofit Financial Health Analysis” tool (provided as a takeaway tool for all participants)
- Communicating financial results to internal and external stakeholders

About the Presenter
Gina McDonald, CPA is Lead Consultant at FMA. Prior to joining FMA, Gina spent 17 years in public accounting, including 10 years dedicated to nonprofit and governmental accounting and financial reporting. Much of her work then as an Audit Senior Manager was focused on assisting organizational management and board members understand their financial results and use that knowledge to drive efficiencies and make informed business decisions. In addition, Gina has expertise in evaluating the effectiveness and operation of internal controls and financial policies and procedures.

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18/10/2017 09:00:00 18/10/2017 15:30:00 15 Better Nonprofit Management: Telling Your Financial Story Under today’s economic strain, it is critical that nonprofit leaders understand the “story” behind their organizations’ financial results. Leaders who have a firm grasp of the numbers will be bette... The NonProfit Center, Boston, MA 02111 Organizer Organizer e-mail false DD/MM/YYYY Reddit