Leaders and board members need accurate, up-to-date, and clear financial information so they can make good decisions for a nonprofit or church. But they also need the ability to interpret and use this data to make informed decisions. Therefore, the first step is a solid understanding of baseline financial indicators and health. In this webinar, we will explore the fundamentals of nonprofit and church finances so leaders, managers, and board members will be better equipped to interpret financial statements and assess the financial position of their organization.
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During this webinar, you will:
- Examine and evaluate your assets and liabilities for overall value
- Understand your fund balances so you will know if you have the funds you need to operate
- Determine if your spending is healthy so you can plan for future large expenses
- Understand how much money to keep on hand so you can keep your doors open
- Evaluate the financial efficiency of your programs or campaigns
Want a quick recap? Read on for the notes. Also, the webinar’s slideshow is at the bottom of this page.