Streetsmart Financial Basics for Nonprofit Managers (Wiley Nonprofit Law, Finance and Management Series)

The complete guide to the basics of nonprofit financial management Let's be honest. Most books about financial management are densely written, heavy on jargon, and light on practicality. Expert financial consultant and author Tom McLaughlin takes a different approach with his fourth edition of Streetsmart Financial Basics for Nonprofit Managers . This comprehensive guide provides effective, easy-to-use tips, tools, resources, and analyses. The light, humorous tone in Streetsmart Financial Basics for Nonprofit Managers makes it an accessible resource for nonprofit executives, board members, students, and those new to the field. This book forgoes useless, pretentious verbiage in order to outline real-world strategies that work. This edition includes: New insights, updates, vignettes, case studies, and examples to deal with the implications of nonprofit financial management An examination of nonprofit business models in relation to growing demands from the government and other funders How to construct business plans for virtually any nonprofit entity Customizable resources—including financial worksheets, forms, and Excel templates to help nonprofit managers complete their day to day assignments A guided tour through common aspects of nonprofit management, such as financial analysis, accounting, and operations Practical and informative, Streetsmart Financial Basics for Nonprofit Managers is the go-to financial management reference for nonprofit managers, boards of directors, and funders. Expert financial consultant and author Tom McLaughlin takes a different approach with his fourth edition of 'Streetsmart Financial Basics for Nonprofit Managers'. This comprehensive guide provides effective, easy-to-use tips, tools, resources, and analyses. The complete guide to the basics of nonprofit financial managementLet's be honest. Most books about financial management are densely written, heavy on jargon, and light on practicality. Expert financial consultant and author Tom McLaughlin takes a different approach with his fourth edition of Streetsmart Financial Basics for Nonprofit Managers. This comprehensive guide provides effective, easy-to-use tips, tools, resources, and analyses.The light, humorous tone in Streetsmart Financial Basics for Nonprofit Managers makes it an accessible resource for nonprofit executives, board members, students, and those new to the field. This book forgoes useless, pretentious verbiage in order to outline real-world strategies that work. This edition includes:New insights, updates, vignettes, case studies, and examples to deal with the implications of nonprofit financial management An examination of nonprofit business models in relation to growing demands from the government and other funders How to construct business plans for virtually any nonprofit entity Customizable resources-including financial worksheets, forms, and Excel templates to help nonprofit managers complete their day to day assignments A guided tour through common aspects of nonprofit management, such as financial analysis, accounting, and operationsPractical and informative, Streetsmart Financial Basics for Nonprofit Managers is the go-to financial management reference for nonprofit managers, boards of directors, and funders Praise for Streetsmart Financial Basics for Nonprofit Managers, Third Edition "Tom McLaughlin is a proven master at making the daunting concepts of nonprofit financial management clear and engaging. This book is a superb introduction for new nonprofit executives, board members, and students. It is also an excellent refresher and reference for those of us who have been around the nonprofit sector for a while. It is well written, concise, and thought provoking."--J. Gregory Dees, Professor of the Practice of Social Entrepreneurship and Nonprofit Management at Duke University's Fuqua School of Business, and coauthor of Enterprising Nonprofits and Strategic Tools for Social Entrepreneurs "A very practical guide to understanding and managing the finances of a nonprofit organization. As nonprofits strive for greater accountability, Tom McLaughlin's real-world examples and accessible style make this book indispensable for nonprofit executives, managers, and board members at organizations of any size."--Gordon J. Campbell, President and CEO, United Way of New York City "Tom McLaughlin's powerful book is far more than a useful tool. It provides the philosophical approach to instill strong stewardship and future viability to those in the world of nonprofits. He takes apart the complex issues of nonprofit stewardship just as Einstein translated relativity into a simple equation. Purely masterful."--Jim Mellor, Senior VP, Chief Financial Officer, YMCA of the USA Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file The revised, and updated Fourth Edition of Streetsmart Financial Basics for Nonprofit Managers gives nonprofit leaders, board members, and students a practical and accessible financial guide. Filled with effective, easy-to-apply suggestions, tools, and resources, the book is written in down-to-earth terms and offers proven strategies and techniques. The author takes you through a guided tour of the most common aspects of nonprofit, management such as budgeting, financial analysis, and control systems. A focus on business planning offers step by step guidance for any type of nonprofit organization. Updated to reflect various changes in the nonprofit world and in the most recent regulations and codes, this edition contains a wealth of new case studies and illustrative examples that deal with the implications of nonprofit financial management McLaughlin has also added information on the proper financial role of boards, and he explores nonprofit financial business models in the context of growing demands from governmental purchasers and other funders. Building on its success as a desk reference and how-to guide for students and professionals, the fourth edition features ready-to-use, customizable tools including Excel templates for dozens of common tasks, calculations, and analyses Preface Structure of nonprofit organizations Mission : managing your two bottom lines Accounting as a second language : a nine-point program Assets are for boards, activities are for managers Balance sheets : how they get that way Financial analysis : a few analytical tools Beyond the C3 : alternate corporate structures Nonprofit accounting : acknowledging the strings attached Cost accounting : how much does it cost? Auditing : choosing and using an auditor Cash is king Capital : not a four-letter word Budgeting : taming the budget beast Indirect costs and other despised items Danger zone : cost reimbursement programs Managing money-losing programs The milestones of spending on overhead costs Pricing : how much should it cost? Profit : why and how much? To raise more money, think cows Owning a building : what's in it for you? Insurance : the maddeningly complicated art of covering your assets Internal controls for external goals Scrutiny intensifies Management controls : toward accountability for performance Finance is oil, development is water When do you CFO? Business models and business plans How to beat the next recession.