Financial Planning for Nonprofit Organizations by Jody Blazek
The non-profit sector is facing a crisis of accountability that has its roots in financial management and planning. This book asks whether charities are using resources to fulfil their missions and whether they are investing and budgeting to get the most for their money. In many ways, financial planning is more important for non-profits than it is for individuals and businesses, in part because of the use of charitable dollars and increasing government regulation and scrutiny. Good financial planning has always been essential, and non-profit managers are beginning to realize how essential, as they face intense competition for a shrinking fund base. This workbook presents strategies aimed at making financial management a more streamlined, effective process in non-profits of all types and sizes. Determining who is responsible for what areas of a non-profit's funds is often difficult. This workbook will provide practical forms and checklists to aid non-profit managers in managing their organizations' financial resources. It will address five key areas of financial planning: general administration, such as tracking and reporting; roles and responsibilities of those involved, including staff, board members, and professional advisors; general budgeting, how to develop and implement a budget; strategies for managing and evaluating financial resources; and internal controls to prevent fraud and abuse.