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Integrating Financial Health Assessments into Your Organization’s Planning Process
Articles, Subscribers-Only, Subscription Preview A. Michael Gellman (CPA, CGMA) Articles, Subscribers-Only, Subscription Preview A. Michael Gellman (CPA, CGMA)

Integrating Financial Health Assessments into Your Organization’s Planning Process

The markers for tracking and assessing a nonprofit organization’s financial health are not a mystery. The key elements of financial health (operating reserves, funding, and operational expenses) are generally easy to identify and understand. You just need a willingness to keep your eyes open and a commitment to pause and make an honest assessment of a financial picture that has most likely been changing.

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Five Nonprofit Bylaws Issues That Are Often Overlooked
Articles, Subscription Preview Benjamin Takis Articles, Subscription Preview Benjamin Takis

Five Nonprofit Bylaws Issues That Are Often Overlooked

All nonprofit organizations should regularly review and assess their Bylaws to ensure this key governing document complies with the law and is optimally aligned with the organization’s governance needs and operational practices. The following are five common Bylaws oversights to look for when doing your organization’s next Bylaws review.

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Three-Dimensional Financial Messaging
Articles, Subscribers-Only, Subscription Preview A. Michael Gellman (CPA, CGMA) Articles, Subscribers-Only, Subscription Preview A. Michael Gellman (CPA, CGMA)

Three-Dimensional Financial Messaging

The delivery and interpretation of financial reports is a complex and sometimes unpredictable process. It becomes even more complicated when you realize that the target audience consists of multiple end-users who will be considering financial information from multiple points of view. Effective financial messaging tactics that incorporate a three-dimensional (3-D) tactical approach will give you more options and opportunities to connect with the many different types of users of financial information.

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Operating Reserve Policies are a Perfect Vehicle for Targeting Your Budget’s Bottom-Line
Articles, Subscribers-Only, Subscription Preview A. Michael Gellman (CPA, CGMA) Articles, Subscribers-Only, Subscription Preview A. Michael Gellman (CPA, CGMA)

Operating Reserve Policies are a Perfect Vehicle for Targeting Your Budget’s Bottom-Line

Nonprofit organizations would greatly benefit from adopting a standardized policy for strategically targeting and managing their annual budget bottom-line. You could argue that there is no greater safety net for overall financial health than having a formal policy, or at least a budget working rule or guideline, for this important metric.

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