Nov 21, 2022
To make informed financial decisions, nonprofit leaders should learn to read and understand their financial statements and reports. The nonprofit's financial statements help you understand the organization's current financial standing and predict its future. In other words, if you know your data on revenues, expenses, and changes in assets, you will be able to assess the performance of your nonprofit and identify where you can improve for a stellar performance. In today's podcast, Joseph Scarano from Araize and Stephen Halasnik from Financing Solutions discuss how to read a nonprofit financial statement and report.