This course provides a practical overview of reserves planning and its critical role in supporting nonprofit financial stability and mission success. Participants will learn why reserves are important, how to determine an appropriate reserves target based on organizational risks and needs, and the key components of reserves, including working capital, risk reserves, and general reserves. The course also highlights best practices for aligning reserves planning with strategic and financial goals, helping nonprofit leaders and finance professionals make informed, balanced decisions in an evolving environment.
Learning Objectives
• Describe why reserves planning is an important and relevant issue
• Identify instances where nonprofit leaders should consider re-evaluating their organization
• s reserves planning practices
• Understand various factors nonprofit leaders should consider in order to effectively determine a reserves target
• Better communicate with leaders, governance, and stakeholders of your organization regarding the intersection of strategic, financial, operational, and reserves planning
Major Topics
• How Non-Profits are Navigating the Great Resignation
• Best Practices to Effectively Train Your Board/Finance Members
• Due Diligence for M&A in the Non-Profit Space
• Single Audit Update
• Implementation of New Standards
• Audit Standards Update
