Publisher's Synopsis
Get the financial tools you need to make sound business decisions for your nonprofit organization
Nonprofit managers, let this book show you how to become a better consumer of financial information. To get the most out of the information your bookkeepers and accountants provide, you need to understand and interpret it correctly. Written by Thomas McLaughlin, a nonprofit management expert, it cuts through technical jargon and complex mathematical contortions to give you the nuts and bolts of nonprofit financial management as it happens in the real world. In a friendly, informal style, McLaughlin schools you in all the important terms and concepts, explains how to read and interpret financial reports, shows you how to analyze and control costs, provides practical tips for budgeting, and much more.
Clear, easy–to–follow explanations of financial management essentials, from balance sheets and cost analyses to budgeting and internal cost control
- More than 50 easy–to–read charts, tables, checklists, and instructive sidebars
- Lots of real–world examples based on the author′s experience as a manager, consultant, and instructor
- Discussions centering around IRS Form 990 the government form which drives virtually all nonprofit accounting and financial reporting in the United States
- An IBM–compatible disk containing templates for financial reports, checklists, sample documents, and other handy tools that you can copy, modify, and use
As a nonprofit manager, you′re responsible for your organization′s future, including its fiscal health. So you need a solid understanding of basic accounting and finance. These difficult subjects are further complicated by a maze of rules and regulations governing the nonprofit sector. Often with experience and training in nonfinancial areas, many nonprofit managers have had to struggle to understand this complex but crucial world of nonprofit business management.
Until now, that is. A complete, hands–on guide to nonprofit financial management, Streetsmart Financial Basics for Nonprofit Managers makes it easier than ever for smart, dedicated nonfinancial managers like you to acquire the basic financial knowledge you need to make sound business decisions.
Written by Thomas McLaughlin, a veteran nonprofit manager and consultant to numerous nonprofit organizations, it features friendly, informal, easy–to–understand explanations of all the essentials from balance sheets and cost analyses to budgeting and cost control. Short on complex math and technical jargon and long on practical guidance and real–world solutions, Streetsmart Financial Basics for Nonprofit Managers gets you up and running in no time with everything you need to know to read and interpret financial information, analyze and control costs, develop budgets and financial plans, and much more.
Tom McLaughlin helps shorten the learning curve by centering his discussions around IRS Form 990 the government form which drives virtually all nonprofit accounting and financial reporting in the United States. He not only makes crystal clear the basic logic behind nonprofit financial reporting, but also bridges the gaps between different types of nonprofits, making this a book that can be used by managers working in organizations ranging from health and social service agencies to churches and trade associations.
Streetsmart Financial Basics for Nonprofit Managers also includes a computer disk on which you′ll find templates for financial reports, checklists, sample documents and other useful tools that you can copy, adapt, and use in your nonprofit organization.
Streetsmart Financial Basics for Nonprofit Managers is an indispensable tool of the trade for nonprofit executives, managers, board members, volunteers, and all those involved with the business of running a nonprofit organization.
