Are nonprofit financials a mystery to you? This course is designed to empower professionals from all backgrounds to understand and engage with the financial side of nonprofit organizations. This course will help you grasp the essentials of nonprofit financial management without requiring an accounting background.

Through concise lessons and practical examples, you'll learn to read and interpret financial statements, understand the unique aspects of nonprofit accounting, and evaluate organizational financial health. You'll also gain confidence in budgeting and compliance while developing the ability to communicate financial insights clearly to stakeholders.

By the end of this course, you'll have the knowledge and tools needed to navigate nonprofit financials with ease and contribute to the financial sustainability of your organization.

Learning objectives:

1. Understand key financial concepts: Gain a clear understanding of fundamental nonprofit financial terms, such as revenue, expenses, assets, liabilities, and net assets.
2. Interpret financial statements: Learn to read and interpret essential nonprofit financial reports, including the Statement of Financial Position and Statement of Activities.
3. Evaluate financial health: Develop skills to assess the financial health of a nonprofit organization using key ratios, trends, and benchmarking.
4. Understand budgeting and planning: Learn the basics of nonprofit budgeting, including various methods of preparation and using them in decision making and planning.
5. Improve financial communication: Enhance your ability to communicate financial information to stakeholders, including leaders, members, and staff, in a clear an accessible manner.