The Busy Person’s Guide to Four Essential Finance Reports

Most nonprofits across the country are, or soon will be, challenged by the effects of a lagging economy. Whether from cuts in public dollars, declining donations, or reduction in user fees, the economic downturn or recession—whatever you want to call it—is starting to hit us. Financing and monitoring operations is challenging in the best of times. During a tight economy, it’s especially critical.

As a board member, executive, or manager, you need accurate and timely information so you know exactly where you stand and what corrections are needed. Of course, that’s in addition to everything else on your plate. To help make the task manageable, this article describes four essential financial reports recommended by Peter Brinckerhoff in his book, Nonprofit Stewardship. (For an explanation of nonprofit stewardship, click here.)

Click here to read ‘The Busy Person’s Guide to Four Essential Finance Reports’.

This article is provided by Fieldstone Alliance and the author is Becky Andrews, Marketing Manager, Fieldstone Alliance. Fieldstone Alliance works to strengthen the performance of the nonprofit sector. They have a twenty-six year history of providing consulting, training, network development, demonstration projects, publishing, and other capacity building services that strengthen the nonprofit sector and the communities it serves. They assist all parts of the sector—funders, intermediaries, collaboratives, networks, and nonprofits—to achieve greater impact.