Nonprofit finances feeling uncertain? You’re not alone. In this episode, we shine a light on one financial report that every small nonprofit should be using right now: the cash flow statement.
Join Nancy and Sarah as they unpack why understanding your organization’s cash flow matters more than ever, especially in today’s turbulent funding environment. They’ll walk you through a simple, no-fuss way to build your own cash flow chart, how to use it to spot trouble before it hits, and how it can spark more informed conversations with your board.
Whether or not you love spreadsheets, you’ll leave this episode feeling more confident in how to have informed financial conversations with your team and board.
Question to consider before listening:
What part of your nonprofit’s cash flow do you wish you had a clearer picture of?
Question to consider:
- Do you have a clear picture of your organization’s cash flow right now?
- How can you start creating or improving a cash flow chart for your organization?
- What is one next step you can take to help your board and staff have better financial conversations?
Word of the Week: Flow
Cash flow is about how money moves in and out of your account. Is your flow steady like a faucet, or more like a mountain river with highs and lows? How might understanding your cash flow help you make better decisions for your nonprofit?