Reading and Understanding Financial Statements

Do you understand your organization's financial statements?  Can you compare budget to actuals?  Financial oversight is considered one of the key responsibilities of board members.  Obtain a clearer understanding of nonprofit financial statements, including the Statement of Financial Position, Statement of Activities, Statement of Cash Flows, and Statement of Functional Expenses.

This workshop will enable board members and executive directors to read financial statements and ask meaningful questions.

This training is available through live streaming.

Learning Objectives

• Understand how to interpret nonprofit financials
• Be able to compare year-to-date actuals with the project budget
• Recognize the warning signs of the finances going off track

Level

Introductory

Audience

Board members and executive directors who want to gain a clear understanding of the numbers and be able to assess the financial health of the organization.

Presenter

Isaac Zamora, Zamora Business Accounting, graduated from the UNM Anderson School of Management in 2002 with a bachelor’s degree in Business Administration (dual concentration in Accounting and Finance) and is an Enrolled Agent.

He worked for Zamora Accounting Services, LLC beginning in 1998, and in 2005 he opened and ran all operations of the satellite office in Albuquerque, New Mexico.  Isaac successfully ran the Albuquerque office until 2010, when he purchased it and began running it as Isaac J. Zamora, PC dba Zamora Business Accounting, PC.