Board Communication: Reporting Financial Information
This resource from Propel Nonprofits outlines the types of financial reports that are needed by a board, as well as how to present the information to the board.
The board of directors of a nonprofit organization has legal responsibility for the organization’s work. The board is responsible for short and long-term planning, and they must ensure that systems are in place for administering and effectively using resources and guarding against misuse. In order to fulfill their responsibilities, board members must be able to rely on financial information that is accurate, timely, in context, and appropriate.
