Reporting Financial Information to the Board
As this guide from Propel Nonprofits indicates, “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.” That means the board needs financial information that is accurate, timely, in context, and appropriate, and this handout aims to help you deliver this data to them.
