Nonprofit Financial Management

Nonprofit financial management involves planning, controlling, and overseeing an organization’s funds to achieve its mission effectively. It includes budgeting, tracking income and expenses, managing donations, grants, and other revenue, and ensuring resources are used responsibly. Good financial management ensures transparency, accountability, and sustainability, allowing the nonprofit to serve its community now and in the future. It requires understanding financial reports, adhering to legal and donor requirements, and making informed decisions to maximize the impact of every dollar received.