Financial Management

The roles and responsibilities of managing financial activities including leadership and staff roles, policies and procedures, program and overhead costs, and connecting financials to evaluation. 

Resources in Financial Management

A budget is a planning tool that reflects an organization’s programs, mission, and strategic plan. This guide will help you during the budgeting process.

Healthy nonprofit organizations employ financial management practices that build

This expert guide outlines essential steps as: transforming your annual budget analysis; deciding whether or not income diversification is the way to go; achieving a robust reserve; and equipping your board for effective financial governance.

This tool provides the description and calculation of 14 ratios including a mix of balance sheet and income statement ratios.

This template serves as a sample of a Request for Proposal that your nonprofit may submit to a company for the preparation of yearly audited financial statements and related filings for a three year period

Understanding the ebbs and flows of your organization's cash will help you make smart management decisions that protect your core programs and overall sustainability. Use this template to manage cash flow at your organization.

This resource provides 12 signs that your nonprofit will be financially healthy over the long term.

A nonprofit board is ultimately responsible for the financial health of the organization. To best fulfill that fiscal responsibility it is important to understand the organization’s financial situation to make informed decisions and provide strategic leadership.

If the idea of creating a financial policy seems daunting, this basic guideline for policy development may be helpful.

Use this checklist to assess your organization's financial management practices and identify areas for improvement.

How do you reinvigorate the treasurer's and finance committee's roles so that they play a strategic part in oversight, planning and governance? This article lays out some great tips to help your board and committee get on the right track.

This resource will help your nonprofit manage your cash flow by explaining why, when and how. Additionally, this resource provides management strategies to help your nonprofit prevent cash flow shortages.

In this video, Nonprofits Assistance Fund defines different contribution categories and explains how to account for and manage restricted funds.

These sample reserve policies are provided to get you started, but keep in mind that no example will be an exact fit for your organization. We have included some options to assist you. Be sure to review these parts carefully to create the right policy for your organization.

This tool provides calculation of 14 ratios including a mix of balance sheet and income statement ratios. Individual nonprofits must decide for themselves which calculations are meaningful and what benchmarks will be useful for their situation and goals.

This resource outlines the types of financial reports that are needed as well as how to present the information to the Board.

Most nonprofit leaders agree we need a new way to communicate about the true costs of our programs and the vital importance of strong organizational infrastructure. But we have not yet developed a simple, consistent message when sharing our view with potential supporters and investors. We are stuck with old terms and old images. How we visualize our understanding of nonprofit structure and programs shapes the overhead debate.

This E-Study, developed with the Hubert Project at the Humphrey School of Public Affairs, guides you through learning about the real, true costs of delivering nonprofit programs. This knowledge is critical to help organizations make decisions about funding, contract terms or pricing, make the best use of unrestricted revenue and move toward sustainable finances.

The guide and accompanying spreadsheet template break down the process of understanding true program costs, either through budgeting or financial reports, into several stages.

Like businesses, nonprofit organizations sometimes need cash in the form of a loan to operate their programs effectively. Loans can be a tool that can help a nonprofit grow and succeed. This guide is designed to help nonprofits understand loans, uses for loans, and when loans make the most sense as a form of capital.