Understanding Nonprofit Financial Statements 

Approximately 2 hours for full agenda, depending on the complexity of the organization. 

Training Agenda 

Introduction 

  1. Review of Financial Oversight Duties 

  2. Basic Financial Statements Introduction 

  3. Balance Sheet 

  4. Assets  

  5. Liabilities 

  6. Assets = Liabilities + Equity 

  7. Income Statement 

  8. Accounting Pause: Accrual vs. Cash Accounting 

  9. Revenue Types 

  10. Expense Types 

  11. Revenue & Expense Categorization 

  12. Statement of Cash Flows 

<<<<<BREAK>>>>>> 

  1. Accounting Pause: Fund Accounting 

  2. Types of Financial Statements 

  3. Audit 

  4. Budget 

  5. Forecast 

  6. Internally prepared (interim) financial statements 

  7. Tax returns 

  8. Analyzing Financial Statements 

  9. Liquidity Ratios 

  10. Profitability Ratios 

  11. Management efficiency Ratios 

  12. Leverage Ratios 

  13. Nonprofit specific benchmarks discussion 

  14. Envisioning the Dashboard 

  15. Questions and wrap-up