Understanding Nonprofit Financial Statements

Description

Nonprofit financial statements have a unique language, not seen in business financial statements, and they can be difficult to understand.  And yet, nonprofit board members have a legal duty of care requiring them to do just that.  Nonprofit managers need to understand their financial performance and budget variances to anticipate cash flow problems and to make good strategic resource allocation decisions. 

Let 501(C)PA remove some of the mystery and join us for a walk-through of sample NP financial statements.  You will learn what each is intended to communicate, what to look for, and how to analyze results and financial position to support your decision-making.

 

Learning Objectives

  • Board fiduciary responsibilities.
  • Introduction to basic nonprofit financial statements.
  • Understanding and analyzing your financial statements.
  • Tailoring reports for your Board: level of detail, supplementary reports, use of charts & graphs.
  • Annual budgeting: a valuable strategic planning opportunity for Management & the Board.

 

Level:  Beginner to Intermediate

 

Presenter:  David Rivard

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David Rivard began his career in Vancouver, Canada, where he practiced as a Certified Management Accountant and a Chartered Accountant in industry and in public accounting, with both national and small firms.  Being CEO for a group of Canadian manufacturing companies eventually led to his relocation to Minnesota in 2004 and then to New Mexico in 2007.  David achieved his CPA designation in 2004 and went on to earn a MS in Financial Management while serving as Assistant Dean for Libraries at the University of Maryland.  For the past five years he has been leading 501(C)PA, New Mexico’s only nonprofit CPA firm, and has been immersed in helping NPO’s with their unique and complex financial management needs.  David is passionate about developing innovative organizations and creating fulfilling work environments for talented people who want to help others.

When
April 22nd, 2021 from  6:00 PM to  6:00 PM
Contact
Fee
Registration $40.00

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