Financial Management For Nonprofit Organizations: Policies And Practices

"Financial Management for Nonprofit Organizations: Policies and Procedures" helps managers from diverse backgrounds learn to manage their organization's money. It includes detailed explanations of the prudent investor rule, increased scrutiny and accountability of nonprofits; organizational risks and risk management; internal controls climate emanating from Sarbanes-Oxley legislation; revised "watchdog" criteria of effectiveness; financial planning and modeling; strategic management and how it interfaces with finance, along with the much greater involvement in this that is now expected by CFOs; basics of a nonprofit balanced scorecard; financial ratios; how raters view the organization; tax-exempt financing; social enterprise evaluation and financing; and nonprofit accounting. The book addresses the needs of all types and sizes of organizations, from small religious groups and community social service agencies to major cultural institutions and colleges and universities.