Finance Fundamentals for the Board Member

Board members have a responsibility to understand the financial health and drivers of a nonprofit organization. But even if they understand for-profit financials, nonprofits have some important nuances.

Perfect for any board member, this webinar will introduce participants to the tenets of financial leadership and how board members can embrace them on behalf of their organization. We will then dive deeper into how to read and use financial statements to assess the financial health of an organization. This will include key ratios and a discussion on an appropriate level for reserves. Overall, participants will walk away with the information they need to meaningfully contribute to financial discussions within their nonprofit organization.

Following this session, participants will understand:

• The board’s role as it relates to finances – moving from a fiduciary to stewardship position
• How to read key nonprofit financial statements, such as the Statement of Activities and Statement of Financial Position
• Key metrics to assess an organization’s financial health