Financial Management for Nonprofit Organizations

Effective Tools and Expert Guidance for The Ethical Management of Nonprofit Finances The framework of this book is intended to be of immediate value to nonprofit financial professionals and board members. This handbook caters to the director of finance, budget director, or treasurer with little or no formal training, business-only training, or too little time (perhaps due to a multitude of responsibilities) or support staff to do the job the way he or she knows it can be done. Our other target audiences are the chief executive officer (or executive director) and board members. This handbook specifically includes material for small and resource-constrained organizations, as well as large ones. Material is presented in an easy-to-use format, including forms or checklists where helpful. The discussion goes beyond the buzzwords to provide reasonable steps toward more proficient treasury management. -From Chapter One The revised third edition of Financial Management for Nonprofit Organizations has been updated to reflect today's post-recession reality and outlook for nonprofits. Written by a team of experts in the field, the book is filled with fresh examples, expanded material on business models, dashboard indicators, tax-exempt financing, and recession analysis that is useful for informing strategy going forward. The authors offer the basic information needed for managing an organization's financial resources and shows how to put in place (and revise) the essential policies that underpin a nonprofit's financial responsibility. Covering a range of topics, the text includes information and best practices on everything from accounting, liquidity analysis and management, investments, and controlling risk, to creating sound and timely financial reports.