Nonprofit Financial Management

What you'll learn
Create and define a nonprofit's vision and mission statements
Understand different types of budgets and their pros and cons
Be able to create different types of budgets
Address organizational needs for a cash reserve
Establish internal controls to combat misuse
Be able to identify the different types of costs and their impact to a nonprofit budget
Recognize the most commonly used financial statements
Identify alternative revenues sources
Understand the meaning and use of liquidity ratios
Understand the meaning and use of solvency ratios
Understand the meaning and use of efficiency ratios
Understand the meaning and use of profitability ratios
Understand the meaning and use of diversification ratios
Analyze nonprofit financial statements
Learn nonprofit funding models that can diversify nonprofit incom
Build a stable income stream for a nonprofit
Identify the signs that can leave nonprofit assets vulnerable to internal or external misuse
Provide staff and volunteers with a strategically developed mission and vision
Understand tax filing basics
Develop a long-term perspective on nonprofit finances
Requirements
Basic computer knowledge
A willingness to learn
Description
This course is the product of years of working both in the nonprofitand for-profit sectors. Doing so has equipped me with a good insightof their differences and similarities. A key difference in managingfinances in the private sector versus the nonprofit sector is thealtruistic mission of a nonprofit. Many believe that the privatesector is purposed solely to attain a financial reward or profitwhile the nonprofit objective is simply to "do good". Althoughsome may question the accuracy of...

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