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Proactive, Not Perfect, Scenario Planning: A Short Guide for Our Times
Whether the effects of the coronavirus pandemic have been immediate for your nonprofit or you’re bracing for what’s to come, you should be proactively preparing for the possible paths ahead.
Should Your Budget Balance? No!
We’ve long argued at Propel Nonprofits that break-even budgets are not only not required, but they are the biggest barrier to building reserves and ultimately a financially healthy organization.
Financial Management Models of a Great Nonprofit Dashboard
A well-designed dashboard is like a good sheepdog. It helps to keep conversations with boards, staff, and funders on point and attentive to the right organizational indicators.
Balance Sheet Cheat Sheet
The balance sheet reports an organization’s assets (what is owned) and liabilities (what is owed). The net assets (also called equity, capital, retained earnings, or fund balance) represent the sum of all the annual surpluses or deficits that an organization has accumulated over its entire history. If it happened in your financial past, the balance sheet reflects it.
Cash Flow Primer Video
Money doesn’t always come in and go out smoothly day to day or month to month. In order to weather the ups and downs properly, it’s important to project and plan your cash flow.
Analyzing Financial Information Using Ratios
Financial ratios are an established tool for businesses and nonprofits. This tool provides calculation of 14 ratios, including a mix of balance sheet and income statement ratios.