Understanding your nonprofit's income statements, profit/loss statements, revenue, and expenses

Описание: (Nonprofit Financial Management 3/12)
In order to plan effectively, nonprofit leaders must understand how their organization’s past income and expense dynamics influence its present and future finance picture. In this webinar, NFF will cover how to read income and profit/loss statements as well as how to assess an organization’s revenue and expense picture. You will learn key terms for forecasting revenue and expenses and best practices for budgeting for restricted revenue and one-time or episodic revenue and expenses.

For more information and to download the slides and companion workbook: https://nff.org/fundamental/nonprofit...

In this video:
00:00 - Intro
00:21 - Land acknowledgment
00:53 - Background on NFF
02:10 - Learning goals
02:43 - Surpluses support mission success
04:32 - How does the income statement reflect the business model?
06:37 - Business model in a perfect world
07:48 - How does your organization make money?
11:40 - How does your organization spend money?
13:58 - Restrictions affect the flow of money
16:54 - Income statement example
20:30 - Below the line: Operating vs. non-operating + example
25:51 - Operating revenue with expenses
28:00 - Outro

#nonprofitfinance #NonprofitTips #CDFI