NOT1973. Financial Sustainability & Reserves Revisited

Track: 
CGMA
Field of Study: 
Specialized Knowledge
CPE Credit: 
1.5
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Basic knowledge of not-for-profit operations, auditing, accounting and/or compliance requirements. General experience working in, or auditing, not-for-profits, including those NFPs audited under GAGAS.

Wednesday, June 12, 2019
 
1:10PM-2:25PM

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.

Learning Objectives:

  • 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


SESSION SPEAKER(S)

CPA
Associate Vice President for Finance and Administration | University of Chicago
CPA, CGMA
Founder & CEO | FMA
Vice President - Senior Credit Officer | Moody's Investors Service
Chief Operating Officer | BBB Wise Giving Alliance