Financial statements and an organization’s 990 each tell a story. This session will show how using the two financial documents together can yield so much more information than the financial status of the organization. Grantmakers who are well-versed in these documents can use them to answer questions about a grantee’s trajectory, its governance, its financial stability and even how it is strategically deploying its resources. These documents can help a grantmaker tactically deploy resources where a nonprofit needs them the most and can guide a grantmaker into a deeper conversation with a grantee around current risks, future growth, or targeted investments to achieve impact.
Who should attend?
Funders with less than two years of experience in the field – program-officers, CEOs, and other staff, as well as trustees. It is also recommended for experienced grantmakers seeking a refresher in the basic financial tools of grantmaking.
What will you learn?
Upon completing this session, participants will be able to:
- Demonstrate an ability to analyze an organization’s financial health through its audited financial statement
- Identify which notes to the financials are integral to your assessment of an organization
- Analyze an organization’s financial statements for potential red flags
- Apply ratios and formulas that will aid in the evaluation and comparison of nonprofit financials
- Identify what questions to raise with the grant applicant or grantee about their financials
- Scott A. Brown, CPA, Partner, PKF O'Connor Davies, LLP
- Anan A. Samara, Principal, PKF O'Connor Davies, LLP
What else should you know?
The PNY Core: Financial Series is a set of perennial programs at Philanthropy New York that help funders understand how to assess organizational health through financial analysis. Designed for philanthropy professionals in any role, from trustee to staff, these interactive offerings help funders build their skills to analyze grantee financial documents.
If you’re interested in this session, you might be interested in one or more of the following in the PNY Core: Financial Series:
- February 14 – Intro to Financial Statements
- March 2 – What to Look for in a Nonprofit’s Financial Statement
- March 9 – Looking at the 990 Part 1 of 2
- March 16 – Looking at the 990 Part 2 of 2
- March 23 – Using Financial Statements Together with IRS Form 990 to Understand Your Potential Grantees
- March 30 – Getting the Financial Information You Need Without Overburdening Grantees
* Financial Series: Intro to Financial Statements is a prerequisite for those who are new to assessing finances. The four-part Interpreting Financial Statements curriculum requires a basic understanding of both documents.
How do you sign up?
Members: Please log in and click the Register Now link above (no fee).
Registration is required by March 8th.
Registrants will receive the webinar link a day prior to each session.
Please email email@example.com with questions or for further information on this program or on eligibility.
For any questions, comments, and/or recommendations, please contact Carolyn Peters, Manager of Learning Services.