Demystifying Nonprofit Finance |
DEMYSTIFYING NONPROFIT FINANCE: Everything you wanted to know, but were afraid to ask
November 5, 2014: 9:30 a.m. - 4:00 p.m.
East Wing Community Center, Delaware County Board of Developmental Disabilities
151 East Orange Road, Lewis Center, OH 43035
Most Executive Directors are steeped in the program direction and mission of their organization – but find themselves overwhelmed by the jargon and complexity of financial numbers. This session breaks down that barrier and provides a framework and the skills necessary for the ED to fully become the financial leader of their organization. Through a hands-on review we’ll explore the key questions for you to manage your organization’s finances, assess your organization’s financial health, communicate with your board around financial issues and make ongoing strategic decisions.
At the end of this interactive session participants will be able to:
• Understand and engage in their role as financial leader of the organization.
• Read and understand their financial statements and assess the financial health of their organization through asking key questions and utilizing financial ratios.
• Staff the finance function to adequately cover all aspects of the organization with strong internal controls.
• Be familiar with the concepts of cost allocation, full costs, and budgeting.
• Communicate clear, concise financial information with their board using a dashboard.
Trainer: Steve Zimmerman, Spectrum Nonprofit Services.
Trainer bio: Steven D. Zimmerman, CPA, MBA is the Principal of Spectrum Nonprofit Services where he provides training and consulting in the areas of finance and strategy for community-based organizations, foundations and government agencies throughout the country. Steve is co-author of the book Nonprofit Sustainability: Making Strategic Decisions for Financial Viability published by Jossey-Bass with Jeanne Bell of CompassPoint and Jan Masaoka of Blue Avocado. The book highlights Spectrum’s integrated approach to nonprofits which balances mission impact and financial viability. Steve also writes the Finance and Strategy column for Blue Avocado, an online magazine for nonprofits with 60,000 subscribers, and has also written for The Nonprofit Quarterly and Board Source. Prior to starting Spectrum, Steve was a Projects Director with CompassPoint Nonprofit Services, one of the nation’s leading nonprofit consulting, training and research providers where he led development of their business planning framework, wrote and delivered training’s and consulted on management issues with a wide range of organizations. Steve’s 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. He is a Certified Public Accountant and earned a BA from Claremont McKenna College and an MBA from Yale University.
East Wing Community Center, Delaware County Board of Developmental Disabilities
151 East Orange Road, Lewis Center, OH 43035
Most Executive Directors are steeped in the program direction and mission of their organization – but find themselves overwhelmed by the jargon and complexity of financial numbers. This session breaks down that barrier and provides a framework and the skills necessary for the ED to fully become the financial leader of their organization. Through a hands-on review we’ll explore the key questions for you to manage your organization’s finances, assess your organization’s financial health, communicate with your board around financial issues and make ongoing strategic decisions.
At the end of this interactive session participants will be able to:
• Understand and engage in their role as financial leader of the organization.
• Read and understand their financial statements and assess the financial health of their organization through asking key questions and utilizing financial ratios.
• Staff the finance function to adequately cover all aspects of the organization with strong internal controls.
• Be familiar with the concepts of cost allocation, full costs, and budgeting.
• Communicate clear, concise financial information with their board using a dashboard.
Trainer: Steve Zimmerman, Spectrum Nonprofit Services.
Trainer bio: Steven D. Zimmerman, CPA, MBA is the Principal of Spectrum Nonprofit Services where he provides training and consulting in the areas of finance and strategy for community-based organizations, foundations and government agencies throughout the country. Steve is co-author of the book Nonprofit Sustainability: Making Strategic Decisions for Financial Viability published by Jossey-Bass with Jeanne Bell of CompassPoint and Jan Masaoka of Blue Avocado. The book highlights Spectrum’s integrated approach to nonprofits which balances mission impact and financial viability. Steve also writes the Finance and Strategy column for Blue Avocado, an online magazine for nonprofits with 60,000 subscribers, and has also written for The Nonprofit Quarterly and Board Source. Prior to starting Spectrum, Steve was a Projects Director with CompassPoint Nonprofit Services, one of the nation’s leading nonprofit consulting, training and research providers where he led development of their business planning framework, wrote and delivered training’s and consulted on management issues with a wide range of organizations. Steve’s 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. He is a Certified Public Accountant and earned a BA from Claremont McKenna College and an MBA from Yale University.