Reading and Understanding Nonprofit Financial Statements
How can non-accountants make sense of financial statements?
Everyone involved in leading or managing a nonprofit organization – whether as a board member or as a staff member – needs to comprehend the story behind the numbers. In fact, providing appropriate oversight of the organization’s finances and being a responsible fiscal steward is a primary fiduciary duty of all trustees.
"Reading and Understanding Not-for-Profit Financial Statements" is designed to enable non-financial executives and trustees to:
· Understand basic financial terminology
· Read key documents reflecting the organization’s financial position, activities, cash flows, and functional expenses
· Be capable of judging their soundness
· Recognize warning signs that reflect the health of the organization
· Protect the organization against financial problems and potential fraud
· Ask the right questions
Together with the Nonprofit Center at Lakeland Community College, Partner Sue Krantz will present a two-hour interactive discussion geared toward those charged with a fiscal obligation or financial understanding to not-for-profit entities. Following this seminar, you will better understand:
