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Financial Leadership for Nonprofit Executives - Guiding Your Organization to Long-Term Success (Paperback)
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Financial Leadership for Nonprofit Executives - Guiding Your Organization to Long-Term Success (Paperback)
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Guide your organization to financial sustainabilityMaking sure that
your nonprofit is going to be around long-term
requires financial leadership. This means creating a
financial vision for your organization and planning how you’ll
get there. Financial Leadership for Nonprofit
Executives gives you the framework, specific language, and
processes to lead with confidence. With it, you’ll learn how to
protect and grow the assets of your organization and accomplish as
much mission as possible with those resources.The good news is you
don’t have to be a trained accountant, earn an MBA, or have run a
for-profit business in another lifetime. You already have many of
the skills it takes to be a financial leader. This useful guide
makes the process understandable and doable. Logical, clear,
and well-writtenYou’ll find clear, logical steps to learn how
to Get accurate financial data—in a format you can
understand Use financial data to evaluate your organization’s
health Plan around a set of meaningful financial goals Communicate
progress on these goals to your staff, board, and external
stakeholders. You’ll also find five foundational
financial leadership principles three overarching questions every
financial leader needs to be able to answer (and where to find
those answers) two fundamental budgeting principles five steps to
building a strong annual budget. Case study brings concepts
to lifeThis hands-on guide includes a recurring case study designed
to help you understand the book's concepts in real-world terms. You
can also use the sample statements and formats to improve your own
organization's financial reporting."Red, Yellow, Green" evaluation
keeps you on trackAt the end of each chapter is an evaluation tool.
You can rate how your organization is doing relative to the
component of financial leadership covered in each chapter. Each
attribute is scored as being red, yellow, or green. “Red” items
are below standard and require immediate attention; “yellow”
items are widely practiced though not generally ideal; and
“green” items are considered best practice. Over time, as
you and your partners on the board and staff move the organization
toward “green” in each of these areas, you will create an
environment in which financial leadership can flourish.
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