Managing Non-Profit Finances is an overview of critical financial management issues common to most non-profit organizations. Topics include fundamentals of financial reporting, budgeting, forecasting, cash flow management, and regulatory compliance. Presented in the language of the non-financial layperson, this seminar assures no attendee need be intimidated by financial management terms. The goal is for all stakeholders – whether board members, staff, or volunteers – to better understand key financial drivers that help or hinder the nonprofit organization’s ability to survive and thrive in today’s complex world.
Specific topic areas provide an overview of:
- How to read financial statements and tax forms
- How capital structure differs between startups and mature nonprofit organizations
- How to effectively manage cash flow through the highs and lows of the calendar year
- Effective forecasting as the foundation for budget planning
- The importance of managing the organization’s cost structure to minimize risk and maximize flexibility
- The art of creating persuasive financial plans that attract donor capital
Use this concise but broad session to help diagnose and prioritize your organization’s individual needs, and choose among follow-up seminars that dive deeper into financial issues and topics most relevant to your organization.
About the Speaker
Dr. Michael Barth is an Associate Professor of Finance in The Citadel’s School of Business Administration.
Prior to joining the faculty in 2007, he spent nine years in the Department of Finance and Quantitative Analysis at Georgia Southern University, including two years as the acting department chair. Before beginning his career as a college educator, he spent five years as a Senior Research Associate with the National Association of Insurance Commissioners where he was the primary staff specialist on risk-based capital issues. He has been a program director for the Associate in Underwriting program of the American Institute for Chartered Property-Casualty Underwriters/Insurance Information Institute and was a product manager with an auto insurance group for several years. He served nine years on active duty with the U.S. Army and another six years as a reservist.
He received his Ph.D. in Risk Management & Insurance from Georgia State University in 1993. He also holds the Chartered Property-Casualty Underwriter (CPCU) professional designation and the Associate in Underwriting (AU) professional designation.
He has written numerous book chapters and subchapters for the American Institute for CPCU’s risk management and insurance education programs and authored hundreds of questions for their national and international certification examinations. His primary research interest is financial risk measurement, evaluation of insurer operations, and regulatory policy. He has been a guest speaker at several World Bank conferences and at other international insurance regulatory meetings. His research on regulatory issues has been published in the Journal of Risk and Insurance, the Journal of Insurance Issues, the Journal of Insurance Regulation, Risk Management and Insurance Review, and the NAIC Research Quarterly.
Cost: $25 per person
Date: March 28, 2018 6:00 PM - 6:30 PM; Registration & Networking. 6:30 PM - 8:00 PM; Seminar
Light refreshments will be provided
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*Only 30 seats are available, so register today!*