In this three-part series, we will explore what it takes for a nonprofit to thrive over the long-term, how to use financial analysis as a tool to .. Read more identify resilience (or lack thereof), and what grantmakers can do to support nonprofits in achieving financial strength. Participants should be prepared to roll up their sleeves with interactive and case-based activities and tools focused on assessing organizational strength. What kind of support can funders provide to meaningfully shift the trajectory of an organization?. Critically, they have a comprehensive understanding of their financial health and are able to tell their financial story to key stakeholders. In this three-part series, we will explore what it takes for a nonprofit to thrive over the long-term, how to use financial analysis as a tool to identify resilience (or lack thereof), and what grantmakers can do to support nonprofits in achieving financial strength. In the first session, we will introduce a framework for nonprofit financial resilience, explore how to synthesize key metrics into a coherent picture of financial health, and discuss how a race neutral approach to financial analysis may unintentionally exacerbate inequities.The second session will dive deeper into the critical components of the resilience framework, with a focus on understanding true cost and the need for nonprofits to build and maintain their financial planning “muscle.” In the final workshop, participants will be invited to apply what they’ve learned and consider how they might strengthen their own financial review processes, evaluate their indirect cost policies, and structure grants to more effectively support grantee financial resilience in the long-term. This is a cohort-based series open to Philanthropy New York Members only.
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