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W279: Difficult Financial and Budget Communications with Nonprofit Boards

October 13 @ 1:00 pm - 2:30 pm EDT

COURSE DESCRIPTION:

Nonprofit organizations are confronted with managing during continuing uncertain times where the path forward can and will most likely change quickly. These conditions naturally cause feelings of unease and hesitancy. Strong financial and budget communication practices and protocols are essential for management to effectively lead and be innovative during challenging times. We will discuss tactics for communicating difficult budget issues to your Board.

 

LEARNING OBJECTIVES:

  • We will discuss three tactics for communicating budget issues with your Board.  
  • Learn how to incorporate multi-year budgets and associated key assumptions driving those multi-year budgets and forecasts into essential management and messaging practices.  
  • We will explore how organizations should assess purpose and impact of Board designated funds and consider alternatives.  
  • We will conclude with a discussion on why nonprofits need to strive to make a profit and how best to communicate planning related to this sensitive tactic.  

 

Level Intermediate
NASBA (Field of Study) Finance Technical
CAE (Subject Domain) Organizational Strategy
Reviewer Wade Tetsuka, CPA
CPE/CAE Credits 1.5
Delivery Group Internet Based

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INSTRUCTORS
A. Michael Gellman, CPA, CGMA
Co-Founder at Sustainability Education 4 Nonprofits
Mr. Gellman, CPA, CGMA, is an independent Fiscal and Financial Strategist for Nonprofit Organizations. He has more than 35 years’ experience in nonprofit fiscal, financial…
Paul Preziotti, CPA
Partner, Johnson Lambert LLP
I provide audit, compliance and operational solutions to nonprofit organizations and sponsors of employee benefit plans. Paul likes to wind down by hitting the links,…