Why Profitable Nonprofits Can Still Run Out Of Cash
Why Profitable Nonprofits Can Still Run Out Of Cash A nonprofit can appear financially healthy on paper and still struggle to pay its bills. Here’s why. One of the biggest misconceptions in finance is that a surplus (a profit) means the organization has plenty of cash. In reality, profit and cash flow are two very […]
Nonprofit Finance Policy: The Whys and The Why Nots
Nonprofit Finance Policy: The Whys and The Why Nots The Importance of a Finance Policy for Nonprofits: Strengthening Financial Governance and Ensuring Continuity A well-defined Finance Policy for nonprofits is a critical component of strong financial management, governance, and long-term sustainability. For nonprofit organizations seeking financial clarity, compliance, and operational consistency, implementing a comprehensive finance […]
Should Nonprofit Board Members Be Financial Experts?
Should Nonprofit Board Members Be Financial Experts? For nonprofit organizations, financial statements are more than just numbers on a page—they tell the story of the organization’s financial health and its ability to achieve its mission. As a member of a nonprofit board, understanding your role in reviewing and interpreting these financial documents is essential for […]
Budgets for Non-profit Organizations
BUDGETS FOR NON-PROFIT ORGANIZATION: WHY AND WHEN To achieve financial sustainability in your non-profit organization, it is essential to understand the role of budgeting. This is when you attach numbers to your goals and build a tool to help monitor your spending. In this article, we will discuss the budget for non-profit organizations and provide […]
PPP Loans
PPP LOANS What you ought to know about PPP Loans round 2 The second round of PPP loans is here. $284 billion are approved for distribution. The requirements vary if this is your first time as a small business owner to receive a PPP loan or your second. Here are the requirements you need to […]