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Not-for-Profit Industry Conference 2019


NOT1973 - Financial Sustainability & Reserves Revisited


Jun 12, 2019 1:10pm ‐ Jun 12, 2019 2:25pm

Standard: $49.00

Description

50% of nonprofits have less than one month of operating reserves. Operating reserves are key to a nonprofit's financial health. Reserves provide organizations with the financial capacity to withstand negative events, self fund large capital expenditures, take advantage of strategic opportunities and to invest in the future.

  • Recognize that financial health is critical to an organization's ability to fulfill its mission
  • Select indicators to measure financial health
  • Identify the appropriate level of reserves for your organization
  • Use policies and procedures to communicate the importance of operating reserves to key stakeholders

Speaker(s):

Tags: CGMA

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