Tips for Managing Your Nonprofit’s Finances

As not-for-profit organizations, we should be concerned about the financial well-being and resources needed to operate our animal care and control organizations. Our mission and goals may not be to maximize shareholders’ wealth, but we’re responsible for improving the care and well-being of the animals in our shelters. All non-volunteers expect to be compensated for their work. Buildings and their maintenance cost money, as do pet food and veterinary supplies.

“Money isn’t everything, but without it (and proper financial management) your nonprofit may suffer. You need timely, accurate, and meaningful financial information to assess today’s results and plan for the future.”The Complete Guide to Nonprofit Management

Hopefully you are familiar with the financial reports your organization’s accountant or bookkeeper provides, and you understand the costs of your programs and where operating, development and other revenue comes from. If you’re unaware of your financial situation, schedule a meeting to get your questions answered and ensure that everybody is on the same page — or more accurately, the same spreadsheet.

The following links to websites and references will help you learn more about the value of time, reliable financial information and the importance of financial resources:

National Council of Nonprofits

Exponent Philanthropy


John Nagy
About

John Nagy is VP of Finance & Administrative Services at Dumb Friends League.


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