Key Takeaways:
Cash Flow Is Oxygen: A 13-week rolling forecast gives nonprofit leaders a real-time picture of financial health and the foresight to plan instead of panic.
Budget vs. Actuals = Leadership in Action: Comparing planned vs. actual spending monthly keeps your team aligned and empowered to make informed adjustments.
Yes, You Have Receivables: From grants and pledges to reimbursements, many nonprofits are owed money. Tracking it properly ensures better cash planning and accountability.
Manage What You Owe: Clear oversight of accounts payable builds vendor trust, avoids surprises, and strengthens fiscal responsibility.
Know Your Gross Margin (If Applicable): For nonprofits that generate revenue, understanding profitability by program helps with scaling, pricing, and sustainability.
Time Is Money: Productivity ratios help leaders evaluate how time, effort, and people are being used, guiding staffing, priorities, and mission alignment.
Financial reports shouldn’t feel like a mystery. They should tell the story of your organization’s strength, challenges, and opportunities. Brooke emphasizes that understanding your numbers isn’t just compliance, it’s a leadership skill that powers your mission.
‘When you understand your numbers, you lead with purpose, plan with foresight, and serve your community with strength.’ — Brooke Lively
Listen on Spotify or Apple Podcasts.
Recent Comments