Learn how to analyze and evaluate nonprofit financial statements and know what questions to raise for further analysis. Walk through a set of financial statements, focusing on definitions and relationships of numbers. A brief history of GAAP, as it applies to Not-for-Profit organizations, will also be presented. The program will also consider "red flags" and offer some ratio analyses to use when assessing the financial health of an organization.
Explore
- Financial statements with an accountant eminent in the nonprofit sector
- The basics of reading and interpreting financial statements
- What's changed since last year within the financial statements
- How to spot red flags as well as signs of an organization's financial health
- Ratios and formulas that will help you evaluate and compare nonprofit financials
- What questions to raise with the grant applicant or grantee
- A better understanding of which notes to the financials are integral to your assessment of the organization
Part of Philanthropy New York's series "Not for New Grantmakers Only" and Financial/Tax Analysis.
This program is "Partially Open."
Presenter
Candice Meth, Senior Manager, Not-for-Profit Services Group, EisnerAmper LLP
Designed for
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.