Guide your organization to financial sustainabilityMaking sure that
your nonprofit is going to be around long-term requires financial
leadership. This means creating a financial vision for your
organization and planning how you'll get there. Financial Leadership
for Nonprofit Executives gives you the framework, specific language,
and processes to lead with confidence. With it, you'll learn how to
protect and grow the assets of your organization and accomplish as much
mission as possible with those resources.The good news is you don't have
to be a trained accountant, earn an MBA, or have run a for-profit
business in another lifetime. You already have many of the skills it
takes to be a financial leader. This useful guide makes the process
understandable and doable. Logical, clear, and well-writtenYou'll
find clear, logical steps to learn how to
- Get accurate financial data--in a format you can understand
- Use financial data to evaluate your organization's health
- Plan around a set of meaningful financial goals
- Communicate progress on these goals to your staff, board, and
external stakeholders.
You'll also find
- five foundational financial leadership principles
- three overarching questions every financial leader needs to be able to
answer (and where to find those answers)
- two fundamental budgeting principles
- five steps to building a strong annual budget.
Case study brings concepts to lifeThis hands-on guide includes a
recurring case study designed to help you understand the book's concepts
in real-world terms. You can also use the sample statements and formats
to improve your own organization's financial reporting."Red, Yellow,
Green" evaluation keeps you on trackAt the end of each chapter is an
evaluation tool. You can rate how your organization is doing relative to
the component of financial leadership covered in each chapter. Each
attribute is scored as being red, yellow, or green. "Red" items are
below standard and require immediate attention; "yellow" items are
widely practiced though not generally ideal; and "green" items are
considered best practice. Over time, as you and your partners on the
board and staff move the organization toward "green" in each of these
areas, you will create an environment in which financial leadership can
flourish.
