Nonprofit Financial Management
- Description
- Curriculum
- FAQ
- Reviews
This course is the product of years of working both in the nonprofit
and for-profit sectors. Doing so has equipped me with a good insight
of their differences and similarities. A key difference in managing
finances in the private sector versus the nonprofit sector is the
altruistic mission of a nonprofit. Many believe that the private
sector is purposed solely to attain a financial reward or profit
while the nonprofit objective is simply to “do good”. Although
some may question the accuracy of this statement none can deny that
both the nonprofit and the for-profit sectors require financial
resources in order to function. In reality, a nonprofit, not unlike
a for-profit organization, need to have a financial grasp. In fact,
doing so is integral to the sustainability and the continuation of
the nonprofit to provide a much needed public service.
This course seeks to equip nonprofit leaders, employees, volunteers,
funders, and anyone else with an interest in a nonprofit, with the
strategies and techniques that can minimize the obfuscation that can
arise in managing nonprofit finances. This course identifies best
practices in order for nonprofits to not only survive but strive in
an environment that has proven challenging for a great many
nonprofits—small to large.
The primary focus is on providing strategies and tips on analyzing
the finances of a nonprofit. This course discusses budgets, cash,
costs, financial statements, establishing internal controls, various
financial ratios used to evaluate nonprofit finances, and real world
practices on how to use them. Whether as a new nonprofit or one that
has been around for decades this course concisely provide a high
level view of the complexities of finance in an easy to understand
layout.
It is the hope and desire of the authors, staff, and board of Bolder
Business Consultants that this material proves beneficial for those
currently working at a nonprofit, funding a nonprofit, as well as for
those who aspire to fund or work at a nonprofit.
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1
Lesson 1 - IntroIn this introduction we discuss what will be covered in this course, the instructor, and the company.
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2
Lesson 2 - Nonprofit
Identify the different nonprofits and their characteristics; the required nonprofit tax forms; and various online sources used to obtain information about nonprofits
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3
Lesson 3 - Mission
In this lesson we discuss the purpose and criteria for a well-developed vision and mission statements.
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4
Lesson 4 - Budget Intro
In this lesson we define a nonprofit budget, provide common nonprofit budget terms, and view nonprofit leadership roles. -
5
Lesson 5 - Budget Formats
In this lesson discuss budget formats and the formats most commonly used by nonprofits.
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6
Lesson 6 - Budget Cycle
In this lesson we discuss the nonprofit budget cycle and how it functions.
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7
Lesson 7 - Budget Reports
In this lesson we discuss nonprofit budget reports, their functions, and best practices.
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8
Lesson 8 - Cash Flow
In this lesson we discuss strategies in order to maintain a positive cash flow.
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9
Lesson 9 - Cash Reserves
In this lesson we discuss establishing a cash reserve, what actions to consider in case of a cash deficit, and what actions to consider in case of a cash surplus.
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10
Lesson 10 - Cost Types
Knowing the true cost of a program/service is integral to a nonprofit. This lesson reviews the different types of nonprofit costs and how to leverage this information when required by funders and/or other stakeholders.
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11
Lesson 11 - Cost Analysis
In this lesson we apply the lessons learned in lesson 10, determining costs.
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12
Lesson 12 - Balance Sheet
In this lesson a nonprofit Balance Sheet is presented, discussed, and applied.
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13
Lesson 13 - Income Statement
In this lesson a nonprofit Income Statement is presented, discussed, and applied.
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14
Lesson 14 - Cash Flow Statement
In this lesson a nonprofit Cash Flow Statement is presented, discussed, and applied.
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15
Lesson 15 - Revenue Sources
In this lesson the various nonprofit revenue sources are discussed and applied.
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16
Lesson 16 - Funding Models
In this lesson the different nonprofit funding models are presented, discussed, and applied.
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17
Lesson 17 - Internal Controls
In this lesson we define and present the use of internal controls to combat the mismanagement of nonprofit assets
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18
Lesson 18 - Liquidity
In this lesson we present, discuss, and apply liquidity ratios in order to analyze nonprofit financial statements.
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19
Lesson 19 - Solvency
In this lesson we present, discuss, and apply solvency ratios in order to analyze nonprofit financial statements.
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20
Lesson 20 - Efficiency
In this lesson we present, discuss, and apply efficiency ratios in order to analyze nonprofit financial statements.
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21
Lesson 21 - Profitability
In this lesson we present, discuss, and apply profitability ratios in order to analyze nonprofit financial statements.
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22
Lesson 22 - Diversification
In this lesson we present, discuss, and apply diversification ratios in order to analyze nonprofit financial statements.
