This course equips nonprofit board members with essential knowledge and tools to fulfill fiduciary responsibilities. Participants will learn asset protection, financial oversight, and revenue diversification strategies to ensure organizational sustainability and ethical governance.
This course provides nonprofit board members with the knowledge and practical tools needed to fulfill their fiduciary responsibilities effectively. Emphasizing asset protection, sustainable financial practices, and financial oversight, participants will gain skills to safeguard resources, diversify revenue streams, and enhance financial resilience. The curriculum fosters a culture of financial literacy and ethical governance rooted in transparency, accountability, and strategic decision-making. By integrating these principles, board members will be empowered to align financial strategies with their organization’s mission, maximizing its impact and sustainability for the communities it serves.
Here is the course outline:
|
Introduction
|
Course Description
|
|
|
Asset Protection Fundamentals
|
Principles of Financial Reporting
|
Ethical Governance in Nonprofits
|
Quiz
|
Course Project: Developing a Comprehensive Fiduciary Plan
|
Nonprofit Board Member Fiduciary Responsibilities Group Project
|
|
|
Overview of Financial Statements
|
Interpreting Financial Data
|
Importance of Financial Analysis
|
Quiz
|
Financial Statement Analysis Project
|
Group Project: Financial Statement Analysis for a Nonprofit Organization
|
|
|
Understanding Balance Sheet Structure
|
Assessing Financial Health
|
Balance Sheet Case Study
|
Quiz
|
Nonprofit Balance Sheet Analysis Project
|
Group Project: Balance Sheet Analysis for Nonprofit Organizations
|
|
|
Revenue and Expense Types
|
Analyzing Income Statements
|
Cost-Saving Opportunities
|
Quiz
|
Project: Comprehensive Income Analysis for Nonprofit Organizations
|
Group Project: Income Analysis for Nonprofit Organizations
|
|
|
Budgeting Basics for Nonprofits
|
Aligning Budgets with Goals
|
Advanced Budgeting Techniques
|
Quiz
|
Nonprofit Budgeting Project
|
Budgeting Strategies for Nonprofits: Group Project
|
|
|
Identifying Organizational Risks
|
Mitigation Strategies and Insurance
|
Case Study: Risk Management
|
Quiz
|
Nonprofit Risk Management Plan Project
|
Risk Management Group Project
|
|
|
Legal Obligations of Nonprofits
|
Ensuring Financial Compliance
|
Compliance in Action
|
Quiz
|
Legal Compliance Project for Nonprofit Board Members
|
Nonprofit Compliance Project
|
|
|
Upholding Ethical Standards
|
Building an Ethical Culture
|
Scenarios in Ethical Decision-Making
|
Quiz
|
Ethical Standards in Financial Management: Course Project
|
Group Project: Developing an Ethical Financial Management Plan
|
|
|
Audit and Oversight Functions
|
Monitoring Financial Performance
|
Best Practices in Oversight
|
Quiz
|
Financial Oversight Project
|
Group Project: Developing a Financial Oversight Plan for a Nonprofit
|
|
|
Key Financial Ratios
|
Interpreting Financial Indicators
|
Practical Ratio Applications
|
Quiz
|
Financial Ratio Analysis Project
|
Group Project: Analyzing Nonprofit Financial Health
|
|
|
Crisis Management Fundamentals
|
Developing Recovery Plans
|
Simulation: Crisis Response
|
Quiz
|
Crisis Management and Financial Recovery Project
|
Crisis Management Group Project
|
|
|
Principles of Financial Transparency
|
Communicating with Stakeholders
|
Implementing Transparency Tools
|
Quiz
|
Financial Transparency Project
|
Group Project on Financial Transparency
|
|
|
Introduction to Financial Sustainability
|
Developing Sustainable Revenue Streams
|
Implementing Cost Management Strategies
|
Quiz
|
Nonprofit Financial Sustainability Project
|
Group Project: Designing a Sustainable Financial Plan for a Nonprofit
|
|
|
Introduction to Advanced Financial Analysis
|
Utilizing Financial Ratios for Decision-Making
|
Scenario Planning and Forecasting
|
Quiz
|
Nonprofit Financial Strategy Project
|
Course Project: Advanced Financial Analysis for Nonprofits
|
|
|
Key Takeaways and Lessons Learned
|
Action Plans for Financial Responsibility
|
Future Directions and Continuous Learning
|
Quiz
|
Nonprofit Financial Responsibility Project
|
Group Project: Developing a Fiduciary Action Plan for Nonprofit Sustainability
|
Study guide
|
Glossary
|
|