Nonprofit Financial Stewardship: Concepts and Techniques for Strategic Management is a four-week online program made up of four modules. The program combines readings, online discussion, videos and a workbook exercise, all of which allow you to apply the information learned in each module directly to your organization.
Module 1: Mission, Money and Impact: "Money for What?”
How does a nonprofit know if it’s achieving its goals? What is your organization’s key performance challenge? What are you trying to accomplish and how does that link to your organization's financial plan?
You'll be invited to:
- Share information about your organization’s mission, its overall financial condition and its impact in the world.
- Identify a key challenge that you and your organization face in the areas of strategic financial management and financial stewardship.
- Create a draft logic model for one of the key strategic priorities of your organization.
Module 2: Understanding Financial Statements
How do financial statements work?
You'll use tools to analyze your financial statements and answer questions about your organization’s financial challenges.
Module 3: Tools, Frameworks and Concepts in Financial Management
How can you better understand your financials?
You'll do exercises to understand cost accounting, pricing, break-even analysis and ratio analysis.
Module 4: Budgeting and Resource Allocation
How do you allocate your financial resources? How do you think about budget cutbacks? What data are you supposed to track to ensure your financial resources are allocated effectively?
You'll engage in a case discussion and an interactive exercise.