Financial reports answer many questions, and improving on your effectiveness to communicate financial information to non-financial board members is as important as ever. However, financial literacy for nonprofits cannot be assumed, even with business professionals serving on board, because accounting rules and primary financial objectives differ for nonprofit organizations.
The challenge: Making these differences understood by those with oversight responsibilities and the users of financial information.
Join experts from Marshall Jones for a free discussion on telling your organization’s financial story in terms that will be most easily absorbed, digested, and acted upon by the decision makers on your board of directors.
At the end of this session, you will be able to:
- Identify opportunities to improve the information communicated in nonprofit financial statements.
- Identify techniques aimed at educating board members on unique nonprofit financial reporting issues, and what to look for.
- Walk through a budget preparation utilizing the board’s input in order to incorporate buy-in before the fiscal year begins.
- Understand the importance of ratios, metrics and graphs to help communicate the financial health of the organization, which is critical to an organization’s ability to fulfill its mission.
Kathy Keeley, Executive Vice President of Programs at GCN, has experience as a social entrepreneur, a consultant, the chief of staff for the mayor of Minneapolis, founder of multiple organizations, and the director of nonprofit and for-profit businesses. Over her 35-plus years as a consultant, she has turned around struggling and underperforming ventures, helped launch new companies and initiatives, and given established successes new pathways toward efficiency and expansion. Learn more.
Randy Shrum, Audit Partner at Marshall Jones, has spent over 25 years in public accounting, with the bulk of his career focused on the nonprofit, manufacturing, and construction sectors. His experience includes financial statement audits, implementation of new accounting and financial reporting standards, internal control assessment and improvement, governance, and federal grant programs compliance.
November 4, 2021
4:00 pm - 5:00 pm EDT
You will recieve log-in information after registering for the course.
Free Community Event
November 4, 2021