With the impact of the COVID-19 pandemic and continued economic uncertainty, some nonprofits continue to struggle with financial sustainability. This can mean your board of directors is taking a greater interest in your organization’s financial per...

In the mission-driven nonprofit world, accounting and financial management can sometimes slip down the priority list. It’s not always easy to allocate budget dollars to back-office infrastructure that doesn’t directly support the nonprofit agenda...

In today’s volatile economy, many businesses and non-profits have been required to write down the value of acquired goodwill on their balance sheets. Others are expected to follow suit — or report additional write-offs — in 2022. To the extent ...

Financial health is important to every organization, but non-profits face unique challenges due to their funding, operations and purpose. Yet, those who focus on their financial health are looking ahead to ensure they can continue their critical work...

Non-profits frequently struggle with tracking donations, expenses, cash flow and restrictions. The COVID-19 pandemic left behind a wake of industry-wide disruptions, so it’s more important than ever for non-profits to adapt and manage their financi...

Financial statements play an important role in assessing your organization’s health. However, they aren’t necessarily the best way to communicate performance to stakeholders. Ratios, on the other hand, grab information from your financial stateme...

Many non-profits across the country are being severely impacted due to today’s COVID-19 pandemic, leaving management teams and boards of directors questioning where to seek financial assistance and relief to help maintain their organization’s ope...

A key fiduciary duty of a non-profit’s Board of Directors is to oversee and monitor the organization’s financial health. Some financial matters may jump out at Board members, such as the loss of a major funder or a successful fundraising event. B...