Tag: Finance

January 2016 Meeting-Enhancing Strategic Decision Making through Cost Allocations and Program Profitability

NPFM

Summary: It is vital that organizations understand how to measure the profitability of its programs to enhance strategic decision making.  In this session participants will be able to explore the different types of cost allocation methodologies that nonprofit organizations are utilizing and how that information can be used as a tool to evaluate program profitability and value.

The learning objectives of this session are as follows:

  • Identify different methods of allocating costs to programs
  • Measure impact and profitability to identify the value of a program to an organization
  • Discuss ideas on how to best incorporate program analysis into strategic decision making

Presenter:  Tim Warren is a principal at CliftonLarsonAllen LLP and currently leads CLA’s Massachusetts auditing and tax nonprofit practice.  Tim has experience working with many different types of nonprofit organizations including community based, human service, foundations, associations and higher education in a variety of audit, tax and consulting roles.

PDF of the presentation: Cost Allocations and Program profitability.pdf

April 2015 You can’t save your way to sustainability

NPFM-Admin

April 30, 2015 Meeting:

You can’t save your way to sustainability

For most nonprofits, merely maintaining the financial status quo is generally not viable. Organizations need to develop strategies for long-term sustainability, not only for the organization itself, but for continuity of the mission. Too often, boards and CFOs try to set and meet profitability targets by focusing on the spending side of the budget, but it’s usually growth in revenue and support that provides the most effective basis for ongoing resource mobilization. David Orlinoff, a former nonprofit CFO, led the discussion about the group’s  respective experiences with sustainability strategies and how to identify ways we can be helpful to our organizations in reaching stronger financial positions. David has been providing financial and strategic consulting and financial and operating management services for the past 30 years and is a principal at Concord Financial Organization.

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