Financial leadership strategies for nonprofit boards

(Nonprofit Financial Management 12/12)
Board members can better serve nonprofits when they are well-versed in financial management and understand their roles as stewards. This webinar reviews how boards can help guide nonprofits by thinking big-picture in identifying strengths, gaps, opportunities, and risks; understanding financial health and performance; and supporting an organization through times of crisis.

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

In this video:
00:00 - Intro
00:17 - Land acknowledgment
01:44 - Background on NFF
02:18 - Learning goals
03:12 - Financial decisions follow mission, values, and priorities
04:06 - Financial responsibilities of nonprofit board members and trustees
05:56 - Financial oversight
08:45 - Do: Think big picture
09:24 - A strength-based approach
10:53 - Where is your organization well-resourced? Where is there opportunity for growth?
12:30 - Do: Learn the business
12:54 - Five steps to assessing financial health & performance
17:11 - Surpluses support mission success
19:26 - Do: Think full cost
20:07 - Understand full cost
23:15 - Do: Monitor
23:42 - How to help the board be effective financial stewards
28:35 - Do: Collaborate to address issues
29:08 - Questions to help guide collaborative conversations
30:12 - The Don'ts of board financial management
32:20 - Reflect
33:50 - Outro

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