Learn to interpret nonprofit financials, track costs, and make strategic decisions to strengthen your organization's impact.

About the Workshop

Gaining a true understanding of your organization’s financials and making strategic decisions as a result can increase your long term impact, perhaps more than any other leadership skill. In this class we will explore the basic elements of common nonprofit financial statements and will identify tips to better understand what they mean and how they can be used to determine the health of an organization, specifically in times of uncertainty. In addition, we will review basic "financial jargon" and will discuss the nuances of accounting in the nonprofit sector. Participants walk away with an understanding of how they can use this financial information to make timely, strategic decisions.

Intended Audience:

Nonprofit executives, board members, senior staff, and emerging leaders.

Outcomes:

Understanding basic nonprofit financial statements
Understanding the difference types of nonprofit income
Learn how to set up your cost accounting to more accurately track costs
How to interpret nonprofit financial statements
What other factors to consider when making strategic financial decision, especially in times of crisis and uncertainty

Participants will receive a digital badge of completion to display on LinkedIn, highlighting their commitment to continuous learning and effective leadership.

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Did you know? You can earn certificate in nonprofit board governance by attending CEN’s full Board Boot Camp for Governance Success - Part 2. This one-day mini program builds on this workshop with additional sessions focused on financial oversight, strategic planning, and board responsibilities. It’s a great next step for anyone looking to strengthen their board governance skills.

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Understanding Nonprofit Financials - Part 1 Workshop

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