Sep 2, 2022
Without an adequate understanding of the basic financial statements, nonprofit board members will struggle to make informed financial decisions that will significantly impact the organization's operation. Plus, they will run the risk of misappropriating funds, leading to poor program implementation and management. Therefore, to maintain a healthy financial outlook, nonprofit boards must become familiar with financial statements to prevent bad financial management and build a thriving organization. In today's podcast, Melisa Galasso From Galasso Learning Solutions and Stepehen Halasnik from Financing Solutions discuss the importance of financial statement knowledge for nonprofit board members. s