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Finance for Non-Financial Managers: What Nonprofits Need to Know

Summary

Webinar Recording

Recording Price: $199.00

(Includes Proprietary Materials)

Nonprofit managers are concerned with the organization's mission - feeding the homeless, arranging adoptions for needy animals, providing shelter for women, and on and on. However, it is just as important for the non-financial staff to understand the fiscal health of the organization through a working knowledge of financial data. Join our nonprofit financial expert, Joe Grasso, as he walks you through what you need to know to help you achieve your organizational goals with a greater understanding of the bottom line. In our highly-informative, 90-minute webinar you will discover:

  • Key financial definitions, ratios, terms & concepts
  • Ways to manage and review cash flow, lines of credit, etc.
  • The basics of endowments and debt financing
  • Reading financial statements - What you need to know
  • Tips to identify dangerous financial trends & pitfalls

Program Highlights

  • Finance for Nonprofit Professionals: Understanding the Terms and Concepts

    • The in's and out's of income statements, balance sheets, & cash flow
    • Strategies to increase your comprehension of important numbers
    • How to "think finance" & translate performance into financial terms
  • Translating Financial Statements: What Nonprofits Need to Know

    • How to use natural vs. program classification techniques when budgeting
    • Ways to effectively use financial statements to make better decisions
    • Tips to properly monitor the finances of your nonprofit organization
  • Stay Compliant & Avoid Mistakes: Proven Strategies to Self-Audit

    • How to apply & properly use net asset classifications
    • Ways to properly steward gifts, grants, and government funds
    • Tips to prevent fraud & promote good financial management
    • Endowments & debt financing: Critical considerations for nonprofits
  • Interactive Q&A Session - Have your questions answered by the expert!

About The Speaker

Joe Grasso is Associate Dean of Finance, Administration and Corporate Relations in the ILR School at Cornell University.

  • He has 25 years of financial and managerial experience in the private, public, and non-profit sectors. In addition to his administrative responsibilities, he has regularly taught graduate and undergraduate ILR courses (Finance for Human Resources, Non-Profit Finance and Management, Fundraising, Corporate & Social Responsibility, and Employee Benefits). He is also a Core Faculty Member of the Cornell Institute on Public Affairs where he teaches in the MPA program.
  • Grasso started his career on the Financial Management Program at General Electric. He was also VP of Finance and Administration at Allegheny College, VP of Administration at Washington and Lee University, Associate dean for Operations and Planning at the University of Virginia, and Director of Budget, Planning, and Institutional Research at Colgate University. Grasso spent nearly a decade in New York State government serving as a Senior Budget Analyst in the Division of the Budget and as Director of the Budget for the New York State Thruway Authority. He serves as a volunteer in leadership positions for a number of non-profit organizations.
  • He received his graduate degree in Industrial and Labor Relations from the ILR School at Cornell University, and a B.A. in economics from St. Lawrence University.

Program Benefits

Join us for this 90-minute webinar to discover how nonprofits can gain a better understanding of financial data in an attempt to improve the fiscal well-being of their organization.