From a Nonprofit CEO: How to Understand Your Financials

Financial statements, reports and jargon are the key to ensuring your nonprofit organization, or business, can operate at its full strength. Thus, it is important that you can understand financials- which involves reading, creating, editing and analyzing your financial reports.

Financial reports will shine light as to how much money your organization operates with, how much donations you received and how much your staff are making. Understanding these numbers is especially important when tax season rolls around!

To better help nonprofit leaders and CEOs understand their financials, Tosha Anderson of The Charity CFO invited Sara Lahman of Annie Malone Children and Family Services on A Modern Nonprofit Podcast.

Sara Lahman of Annie Malone is this week’s A Modern Nonprofit guest!

Previously an Assistant Vice President of Residential Treatment Services with Great Circle, Sara knows a lot about helping the community. And as the CEO of an organization with a very influential mission, she knows how important nonprofit finances are.

If you want to learn how to understand nonprofit finances to help your nonprofit thrive, then you need to subscribe and listen to the latest A Modern Nonprofit Podcast episode!

LISTEN TO SARA AND TOSHA DISCUSS FINANCIALS ON A MODERN NONPROFIT PODCAST HERE! 

Some of the topics the two discuss include:

  • Differences between being the head of a program vs. head of an entire organization
  • Tips and tricks to understand numbers
  •  The most important thing(s) a nonprofit leader should know about their financials
  • Strategies to improve financial knowledge for beginners
  • And more!

Don’t forget to subscribe to our podcast for future episodes, as there’s tons of more exciting content coming your way!

So, you’ve listened to the most recent episode of A Modern Nonprofit Podcast. Now what?

Everything that Annie Malone does is aimed at ‘Making Lives Better’ for the children and families they serve. As a premier organization that provides a diverse array of services advancing the quality of life for children, families, and communities, Sara Lehman and her team at Annie Malone play a vital role in their community. To learn more about Sara’s organization and to support their mission, make sure to visit their website here. 

For individuals who might have realized you’re in over your head with your nonprofit financials, then you are not alone. Have you considered outsourcing your bookkeeping and accounting? Check out the services and pricing that The Charity CFO has to offer, and get the help you need to ensure your financials are not only up-to-date, but efficient and modernized.

Fortunately, you’re not alone if you are struggling to understand nonprofit financials. That’s why Tosha and her team created A Modern Nonprofit Facebook group, which is filled with insightful comments, posts and discussions from industry leaders. The best part? It’s completely free to join this inclusive community! Learn more and join today using this Facebook link. 

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