This engaging, 90-minute module is a part of the Continued Support Learning Series. To see other modules within the series, visit our page here.
Instructor: Matt Barrett
Description: This workshop will provide financial strategies to nonprofits as they navigate these uncertain times. As nonprofits reflect on their social impact and face pressure on their funding sources, they are increasingly thinking of news ways to deliver their services with less capital available. During this interactive session, the following topics will be covered: scenario planning, cash flow forecasting, expense management, and mergers. Discussions will cover key financial statements, how they work together, and what you can do to remain financially sound until this crisis passes.
- Create best, middle, and worst-case scenarios for the next 12 months with clear plans on how to respond to each
- Benchmark your organization’s operating reserve ratio against other nonprofits and track monthly liquid reserves as part of your contingency planning
- Explore ways to make your organization more cost efficient including a look at the relationship between budget size and # of FTEs.
- Combining nonprofits can help organizations enhance efficiencies, advance their missions, and increase their impact in the community. When is the right time to consider a merger?
Topics Addressed: Budgeting, Scenario Planning, Case Flow Forecasting, Expense Management, Mergers
Course Level: Intermediate
Who should attend: CEOs, Directors / VPs of Finance, Program Leaders,
|Member $15 / Nonmember $35||$ 35.00|
Event Topics & Instructor