Financial decisions affect almost every area of nonprofit organizations. This means that each board member, leader, manager, supervisor and staffer needs to understand the basics of finance and the rules of accounting in order to: provide financial oversight; ensure adequate resources; manage impacts of day-to-day decisions; and monitor changes in performance, problems that need attention, successes to celebrate and how progress is being made toward achieving the mission. They each must have a working knowledge necessary to understand and keep track of the budget, cash flow, reserves, and long and short range needs. Board members and leadership are also responsible for ensuring acceptable accounting practices are in place in order to avoid trouble. All the while, everyone is working together to meet the organization’s goals, deliver the services and products, and demonstrate that the organization is highly fiscally responsible. Safeguarding the economic engine involves understanding these key factors and having a system in place that delivers meaningful data in a timely manner.
Please join Lynn Ivey, nonprofit consultant, as she leads you through the fundamentals of nonprofit financial reports and statements, and tracking key indicators that ultimately impact mission, vision and organizational objectives. Learn how to use dashboards as an essential tool for monitoring and improving your organization’s quality and performance.
WHAT YOU’L LEARN
Just a sampling of what this webinar will cover:
- Learn about governance and management financial responsibilities and roles
- Define accounting terms and processes
- Understand basic financial reports
- See how to use financial information for operational planning and budgeting
- Identify critical measures of organizational performance and mission effectiveness
- Review options for creating meaningful dashboards that include metrics that are important to your organization
- Understand recommendations for establishing budget guidelines, priorities and goals
YOUR CONFERENCE LEADER
Your conference leader for “Making Sense of Nonprofit Financials: Fundamentals, Dashboards & Oversight” is Lynn Ivey. Lynn is a consultant, trainer and speaker for nonprofits throughout the US. Her nonprofit experience spans more than 20 years and includes senior executive and leadership positions with healthcare, education, and family support/intervention programs. Her roles have been diverse including: administrator of one of South Carolina’s largest nonprofit hospice programs, director and coordinator of volunteer programs, personnel manager, social worker, staff trainer, clinical instructor, and preschool director. Lynn is a licensed social worker and long-term care administrator with a passion for building stronger communities. Because of her wealth of first-hand experience, both in senior nonprofit executive and volunteer positions, she is a sought-after speaker and has presented at national, state and regional events and conferences. In addition to her professional work, she also has a wealth of volunteer experience including: women’s shelters, a theater company, U.S. Navy Family Service Center, and scouting. She has also held volunteer positions serving on the National Council of Hospice and Palliative Professionals CEO Steering Committee, South Carolina Department of Health and Environmental Control Cancer Control Advisory Committee, and the South Carolina Association of Residential Care Homes Board of Directors, to mention only a few.