Leadership Learning Lab: Financial Leadership II - Understanding & Assessing Financial Health

Virtual Live Class | Available

1/29/2025 (one day)
10:00 AM-11:30 AM EST on Wed
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Leadership Learning Lab: Financial Leadership II - Understanding & Assessing Financial Health

Virtual Live Class | Available

To truly be a financial leader, one must be able to read financially. This workshop is designed to increase the financial understanding of all participants by removing the jargon so they can read and understand financial statements. This session will dive deeper into understanding the differences between cash and accrual accounting, highlighting the importance of monitoring cash flow. We’ll also use the financial statements to calculate key ratios to assess both immediate and long-term financial health. In doing so, we’ll discover important trending tools such as the current ratio and quick ratio, define and highlight the importance of reserves and lead a discussion on an appropriate level for reserves.

Following this session, participants will understand:

  • The difference between accrual and cash accounting and the importance of each.
  • How to utilize financial statements to calculate ratios that assess immediate and long-term financial health.
  • How to categorize expenses that make up the total true cost of a program.
  • How to define sustainability as the intersection of impact and finance.

    • FACILITATOR BIO:

      Steve D. Zimmerman, CPA, MBA (him/his)
      Spectrum Nonprofit Services, LLC

      Steve Zimmerman serves as the principal of Spectrum Nonprofit Services. His extensive nonprofit experience includes serving as a chief financial officer, development director, and associate director at community-based nonprofits, where he performed turnarounds resulting in increased financial sustainability and programmatic reach.

      Steve Zimmerman is a co-author of The Sustainability Mindset: Using the Matrix Map to Make Strategic Decisions with Jeanne Bell and the bestselling book Nonprofit Sustainability: Making Strategic Decisions for Financial Viability with Jeanne Bell and Jan Masaoka. The books highlight Spectrum Nonprofit’s integrated approach to nonprofits, which balances mission impact and financial viability.

      Additionally, Steve’s writing has been featured by Nonprofit Quarterly, BoardSource, and Harvard Business Review, and he contributed the strategy chapter to Wiley’s Nonprofit Management 101. He is a sought after trainer and speaker on adaptive strategy, business models, and revenue strategy for nonprofits.