Financial Acumen for Nonprofits

Beyond their responsibilities for raising money, nonprofit organizations are accountable for how those funds are used to meet their organizational mission, and how they’re positioned to do so in the future. Therefore, nonprofits’ financial statements are different from those for organizations which are for-profit. The financial health of a nonprofit or foundation, for example, is important not only to the chief financial officer, but also for administrators, board members, directors, and key program staff.   

This webinar focuses on the fundamentals of financial acumen for nonprofits, and will introduce you to the development and interpretation of typical nonprofit financial statements. You’ll explore complex finance and accounting concepts in terms that anyone involved in a nonprofit organization can understand—in order to better fulfill all managerial and fiduciary duties. 

Attend this program and gain the knowledge and insights you need to help improve a nonprofit organization’s ongoing financial health into the future—and to meet your accountabilities for doing so.

Who Should Attend

Anyone with involvement in or responsibility for financial statements and/or financial accountabilities of a nonprofit organization.

What You will cover

• Exploring nonprofit accounting principles & GAAP

• Learning how financial accounts function for a nonprofit
• Analyzing four major financial statements for a nonprofit organization 
• Recording financial transactions with form 990
• Measuring financial performance—nonprofit ratios

How You Will Benefit

• Learn the specific accounting rules for nonprofits
• Gain an understanding of how to interpret financial statements specific to nonprofits 
• Identify what financial statements indicate regarding the organization’s financial health