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

Get the financial tools you need to make sound business decisions for your nonprofit organization

Nonprofit managers, let this book show you how to become a better consumer of financial information. To get the most out of the information your bookkeepers and accountants provide, you need to understand and interpret it correctly. Written by Thomas McLaughlin, a nonprofit management expert, it cuts through technical jargon and complex mathematical contortions to give you the nuts and bolts of nonprofit financial management—as it happens in the real world. In a friendly, informal style, McLaughlin schools you in all the important terms and concepts, explains how to read and interpret financial reports, shows you how to analyze and control costs, provides practical tips for budgeting, and much more.

Clear, easy-to-follow explanations of financial management essentials, from balance sheets and cost analyses to budgeting and internal cost control

• More than 50 easy-to-read charts, tables, checklists, and instructive sidebars
• Lots of real-world examples based on the author's experience as a manager, consultant, and instructor
• Discussions centering around IRS Form 990—the government form which drives virtually all nonprofit accounting and financial reporting in the United States
• An IBM-compatible disk containing templates for financial reports, checklists, sample documents and other handy tools that you can copy, modify, and use