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Nonprofit Financial Management

Strategies, Techniques, and Tips
3.8 (7 ratings)
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32 students enrolled
Last updated 4/2016
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  • 4 hours on-demand video
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What Will I 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
View Curriculum
  • Basic computer knowledge
  • A willingness to learn

 This course is the product of years of working both in the nonprofit
and for-profit sectors. Doing so has equipped me with a good insight
of their differences and similarities. A key difference in managing
finances in the private sector versus the nonprofit sector is the
altruistic mission of a nonprofit. Many believe that the private
sector is purposed solely to attain a financial reward or profit
while the nonprofit objective is simply to “do good”. Although
some may question the accuracy of this statement none can deny that
both the nonprofit and the for-profit sectors require financial
resources in order to function. In reality, a nonprofit, not unlike
a for-profit organization, need to have a financial grasp. In fact,
doing so is integral to the sustainability and the continuation of
the nonprofit to provide a much needed public service.

This course seeks to equip nonprofit leaders, employees, volunteers,
funders, and anyone else with an interest in a nonprofit, with the
strategies and techniques that can minimize the obfuscation that can
arise in managing nonprofit finances. This course identifies best
practices in order for nonprofits to not only survive but strive in
an environment that has proven challenging for a great many
nonprofits—small to large.

The primary focus is on providing strategies and tips on analyzing
the finances of a nonprofit. This course discusses budgets, cash,
costs, financial statements, establishing internal controls, various
financial ratios used to evaluate nonprofit finances, and real world
practices on how to use them. Whether as a new nonprofit or one that
has been around for decades this course concisely provide a high
level view of the complexities of finance in an easy to understand

It is the hope and desire of the authors, staff, and board of Bolder
Business Consultants that this material proves beneficial for those
currently working at a nonprofit, funding a nonprofit, as well as for
those who aspire to fund or work at a nonprofit.

Who is the target audience?
  • This course is best for Executive Directors, Board Members, Staff of Nonprofits, Volunteers of Nonprofits, Funders, and others with an interest in nonprofit finances.
  • This material would not be helpful for a person exclusively looking for guidance on corporate finance or public finance.
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Curriculum For This Course
Expand All 23 Lectures Collapse All 23 Lectures 04:00:19
3 Lectures 20:28

In this introduction we discuss what will be covered in this course, the instructor, and the company.

Preview 02:22

Identify the different nonprofits and their characteristics; the required nonprofit tax forms; and various online sources used to obtain information about nonprofits

Lesson 2 - Nonprofit

In this lesson we discuss the purpose and criteria for a well-developed vision and mission statements.

Lesson 3 - Mission
4 Lectures 50:24
In this lesson we define a nonprofit budget, provide common nonprofit budget terms, and view nonprofit leadership roles.
Lesson 4 - Budget Intro

In this lesson discuss budget formats and the formats most commonly used by nonprofits.

Lesson 5 - Budget Formats

In this lesson we discuss the nonprofit budget cycle and how it functions.

Preview 13:51

In this lesson we discuss nonprofit budget reports, their functions, and best practices.

Lesson 7 - Budget Reports
Cash & Cost
4 Lectures 58:35

In this lesson we discuss strategies in order to maintain a positive cash flow.

Lesson 8 - Cash Flow

In this lesson we discuss establishing a cash reserve, what actions to consider in case of a cash deficit, and what actions to consider in case of a cash surplus.

Lesson 9 - Cash Reserves

Knowing the true cost of a program/service is integral to a nonprofit. This lesson reviews the different types of nonprofit costs and how to leverage this information when required by funders and/or other stakeholders.

Lesson 10 - Cost Types

In this lesson we apply the lessons learned in lesson 10, determining costs.

Lesson 11 - Cost Analysis
Financial Statements
3 Lectures 25:21

In this lesson a nonprofit Balance Sheet is presented, discussed, and applied.

Lesson 12 - Balance Sheet

In this lesson a nonprofit Income Statement is presented, discussed, and applied.

Lesson 13 - Income Statement

In this lesson a nonprofit Cash Flow Statement is presented, discussed, and applied.

Lesson 14 - Cash Flow Statement
Internal Controls
2 Lectures 30:02

In this lesson the various nonprofit revenue sources are discussed and applied.

Lesson 15 - Revenue Sources

In this lesson the different nonprofit funding models are presented, discussed, and applied.

Lesson 16 - Funding Models
Financial Ratios
6 Lectures 53:24

In this lesson we define and present the use of internal controls to combat the mismanagement of nonprofit assets

Lesson 17 - Internal Controls

In this lesson we present, discuss, and apply liquidity ratios in order to analyze nonprofit financial statements.

Lesson 18 - Liquidity

In this lesson we present, discuss, and apply solvency ratios in order to analyze nonprofit financial statements.

Lesson 19 - Solvency

In this lesson we present, discuss, and apply efficiency ratios in order to analyze nonprofit financial statements.

Lesson 20 - Efficiency

In this lesson we present, discuss, and apply profitability ratios in order to analyze nonprofit financial statements.

Lesson 21 - Profitability

In this lesson we present, discuss, and apply diversification ratios in order to analyze nonprofit financial statements.

Lesson 22 - Diversification
1 Lecture 02:05

In this lesson we briefly review the key points covered throughout the course.

Lesson 23 - Conclusion

 lessons 1 - 7

Quiz 1
10 questions

lessons 8 - 11

Quiz 2
10 questions

 lesson 12 - 14

Quiz 3
10 questions

lessons 15 - 16

Quiz 4
10 questions

Cover lessons 17 -22

Quiz 5
10 questions
About the Instructor
3.8 Average rating
7 Reviews
32 Students
1 Course
Consultant to Nonprofit, Public, & Private sectors

 I have been with Bolder Business Consultants for 7 years where I work
as a Management Consultant to leaders at nonprofits and public
organizations. I have more than 20 year experience working for large
Fortune 100 businesses. I provide financial and statistical guidance to leaders and their staff.

In addition, I have a Master in Public Administration, with a concentration in Financial Management. Further, in addition to significant work performed in the private sector I have more than 10 years experience working at nonprofits and public agencies in various capacities. 

Lastly I am currently pursuing a PhD in statistics.

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