Nonprofit Financial Management

Strategies, Techniques, and Tips

What you'll learn
Create and define a nonprofit’s vision and mission statements
Understand different types of budgets and their pros and cons
Be able to create different types of budgets
Address organizational needs for a cash reserve
Establish internal controls to combat misuse
Be able to identify the different types of costs and their impact to a nonprofit budget
Recognize the most commonly used financial statements
Identify alternative revenues sources
Understand the meaning and use of liquidity ratios
Understand the meaning and use of solvency ratios
Understand the meaning and use of efficiency ratios
Understand the meaning and use of profitability ratios
Understand the meaning and use of diversification ratios
Analyze nonprofit financial statements
Learn nonprofit funding models that can diversify nonprofit incom
Build a stable income stream for a nonprofit
Identify the signs that can leave nonprofit assets vulnerable to internal or external misuse
Provide staff and volunteers with a strategically developed mission and vision
Understand tax filing basics
Develop a long-term perspective on nonprofit finances
Requirements
Basic computer knowledge
A willingness to learn
Description
 This course is the product of years of working both in the nonprofitand for-profit sectors. Doing so has equipped me with a good insightof their differences and similarities. A key difference in managingfinances in the private sector versus the nonprofit sector is thealtruistic mission of a nonprofit. Many believe that the privatesector is purposed solely to attain a financial reward or profitwhile the nonprofit objective is simply to “do good”. Althoughsome may question the accuracy of this statement none can deny thatboth the nonprofit and the for-profit sectors require financialresources in order to function. In reality, a nonprofit, not unlikea for-profit organization, need to have a financial grasp. In fact,doing so is integral to the sustainability and the continuation ofthe 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 thestrategies and techniques that can minimize the obfuscation that canarise in managing nonprofit finances. This course identifies bestpractices in order for nonprofits to not only survive but strive inan environment that has proven challenging for a great manynonprofits—small to large.
The primary focus is on providing strategies and tips on analyzingthe finances of a nonprofit. This course discusses budgets, cash,costs, financial statements, establishing internal controls, variousfinancial ratios used to evaluate nonprofit finances, and real worldpractices on how to use them. Whether as a new nonprofit or one thathas been around for decades this course concisely provide a highlevel view of the complexities of finance in an easy to understandlayout.
It is the hope and desire of the authors, staff, and board of BolderBusiness Consultants that this material proves beneficial for thosecurrently working at a nonprofit, funding a nonprofit, as well as forthose who aspire to fund or work at a nonprofit.

Overview

Section 1: Introduction

Lecture 1 Lesson 1 - Intro

Lecture 2 Lesson 2 - Nonprofit

Lecture 3 Lesson 3 - Mission

Section 2: Budgets

Lecture 4 Lesson 4 - Budget Intro

Lecture 5 Lesson 5 - Budget Formats

Lecture 6 Lesson 6 - Budget Cycle

Lecture 7 Lesson 7 - Budget Reports

Section 3: Cash & Cost

Lecture 8 Lesson 8 - Cash Flow

Lecture 9 Lesson 9 - Cash Reserves

Lecture 10 Lesson 10 - Cost Types

Lecture 11 Lesson 11 - Cost Analysis

Section 4: Financial Statements

Lecture 12 Lesson 12 - Balance Sheet

Lecture 13 Lesson 13 - Income Statement

Lecture 14 Lesson 14 - Cash Flow Statement

Section 5: Internal Controls

Lecture 15 Lesson 15 - Revenue Sources

Lecture 16 Lesson 16 - Funding Models

Section 6: Financial Ratios

Lecture 17 Lesson 17 - Internal Controls

Lecture 18 Lesson 18 - Liquidity

Lecture 19 Lesson 19 - Solvency

Lecture 20 Lesson 20 - Efficiency

Lecture 21 Lesson 21 - Profitability

Lecture 22 Lesson 22 - Diversification

Section 7: Conclusion

Lecture 23 Lesson 23 - Conclusion

This course is best for Executive Directors, Board Members, Staff of Nonprofits, Volunteers of Nonprofits, Funders, and others with an interest in nonprofit finances. ,This material would not be helpful for a person exclusively looking for guidance on corporate finance or public finance.