TIPS & TOOLS
Our partners, the Nonprofit Finance Fund are launching a financial webinar series. And while not specifically focused on the arts, they are designed for nonprofit staff and board members. The focus of the series is to move the practitioner beyond the scope of general compliance functions and teach participants how to read and interpret financial statements to inform strategic decisions. Topics include assessing nonprofit financial health, budgeting as a communication tool, monitoring cash flow, and assessing program profitability, among others.
Does your organization need a financial health check-up? Our partner, the Cultural Data Project, has developed this FREE Financial Health Analysis tool that takes an in-depth look at an organization’s financial strengths, weaknesses, and business dynamics that can serve as a guide for strategic business planning.
Organizations with strong financial management are better able to fulfill their missions and deliver high-qulaity services. With the launch of www.strongnonprofits.org, the Wallace Foundation in partnership with Fiscal Management Associates, have created a library of resources to help your organization become fiscally fit.
Against the Grain, is a blog on the Chronicle of Philanthropy website. Written by Rick Moyers, the following is a four part series on the subject of non-profit operating reserves.
Interested in what grantmaker’s are (or should be?) looking for when reviewing an applicant’s balance sheet? This article provides a comprehensive introduction on how to use the balance sheet to assess the liquidity, adaptability, and durability of needs for an arts organization.
From surviving to thriving…not only does this report posit that financial health and mission impact are inextricably linked, but it also discusses capitalization needs, challenges, and study implications for arts and culture organizations.
Need tips for developing a strategic and manageable budget? Here are 6 tips that may help in creating a sound financial road map:
This blog entry gets back to the basics by providing guiding principles on how to correctly set fundraising targets.
The Commonfund Institute is dedicated to the advancement of investment knowledge in the nonprofit community and the promotion of best financial-management practices among nonprofit organizations. This publication begins with the basics by explaining what an endowment is, it’s importance for an organization, as well as highlighting the ins and outs of endowment management.
Considering applying for a loan? The Nonprofit Finance Fund has developed five tips posted on their blog that you should consider in making this decision.
Nonprofit Finance Fund shares results from change capital investments. Change capital is money to grow, shrink or adjust an organization’s business model.