Telling Your Financial Story


October 18, 2017

Under today’s economic strain, it is critical that nonprofit leaders understand the “story” behind their organizations’ financial results. Leaders who have a firm grasp of the numbers will be better equipped to convey that story to both internal and external stakeholders. Such leaders will also be better positioned to use historical data to inform annual and strategic plans — connecting the past to the future as they chart a course towards long‐term financial sustainability.

Using audited financial data, participants will gain an understanding of their organizations’ current financial health and trends over time, and how this information compares to industry benchmarks in the nonprofit sector.

Key concepts covered in the training will include:

  • Understanding audited financials, including the four key statements:
  • Statement of Activities
  • Statement of Financial Position (Balance Sheet)
  • Statement of Cash Flows
  • Statement of Functional Expenses
  • Discussion of key indicators of financial health (including relevant benchmarks for each metric):
  • Liquid Unrestricted Net Assets
  • Months of cash on hand
  • Operating results
  • Resource allocations among functions
  • Calculating financial metrics using an Excel‐based “Nonprofit Financial Health Analysis” tool (provided as a takeaway tool for all participants)
  • Communicating financial results to internal and external stakeholders

Type of event: 

Partner Events

Learning area: 

Nonprofit Governance