Maximize Your Organization's Financial Independence and Your Financial Acumen as a Manager
Hundreds of thousands of nonprofit organizations of all sizes exist today, each with a responsibility to its mission, its constituents, its employees, and its volunteers.
It is no wonder, between competition from other organizations for contributions, retaining supporters and employees, and maintaining strong internal control systems in light of the present Sarbanes-Oxley environment-all while accomplishing a stated mission-that the financial management of a nonprofit organization is just as daunting as that of a for-profit corporation.
Written by respected financial professionals from a managerial decision-making perspective for those on nonprofit boards or in day-to-day management positions with oversight responsibility for financial functions, Financial Management for Nonprofit Organizations expertly offers helpful advice on everything financial officers need to know, including:
* Managing an organization's financial resources
* Establishing and revising financial policies
* Accounting, budgets, and financial reports
* Investing for the short and long term
* Controlling and managing risk
With many real-world case studies, checklists, tables, and sample policies simplifying and illustrating financial concepts, Financial Management for Nonprofit Organizations: Policies and Practices supplies balanced and up-to-date guidelines in this readable and comprehensive guide.
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John T. Zietlow, D.B.A., CTP, is a professor of finance at Malone College in Canton, Ohio, where he teaches corporate finance, investments, short-term financial management, personal finance, and macroeconomics. He previously taught at Lee University (Cleveland, TN) and Mount Vernon Nazarene University (Mount Vernon, OH). He is certified through the Association for Financial Professionals as a Certified Treasury Professional (CTP). Dr. Ziegler also serves as associate faculty member at Indiana University-Purdue University at Indianapolis (IUPUI), where he teaches graduate non-profit financial management, and as an adjunct instructor for the University of Maryland University College, where he teaches graduate short-term financial management. He has done corporate training and consulting in the areas of cash management, treasury management, and investment management and portfolio performance evaluation. He holds membership in the Financial Management Association, Association for Financial Professionals, Association for Research on Nonprofit Organizations and Voluntary Action (ARNOVA), and the Financial Education Association. He may be reached via e-mail at: jzietlow@hotmail.com , and maintains a web site at: www.johnzietlow.com.
Jo Ann Hankin is a nationally recognized consultant in the field of fundraising, and financial/administrative management for nonprofits. She has served as Vice President of Finance of The UCLA Foundation Vice President of Advancement for California State University, San Bernardino and has held various fundraising/financial positions with liberal arts colleges. In addition, she worked in the for profit world with several Fortune 500 companies.
Jo Ann also continues to be actively involved with her own community and does volunteer work for organizations promoting music and education.
Alan G. Seidner was the founder of Seidner & Company of Pasadena, California, an investment management and consulting firm whose roster included high-net-worth investors, healthcare organizations, major corporations, nonprofit institutions, and municipalities. Mr. Seidner has written many financial reference works and is a frequent speaker on investment techniques and strategies. He has also provided testimony before federal government agencies on the performance of pension fund investments.
Maximize Your Organization's Financial Independence and Your Financial Acumen as a Manager
Hundreds of thousands of nonprofit organizations of all sizes exist today, each with a responsibility to its mission, its constituents, its employees, and its volunteers.
It is no wonder, between competition from other organizations for contributions, retaining supporters and employees, and maintaining strong internal control systems in light of the present Sarbanes-Oxley environment-all while accomplishing a stated mission-that the financial management of a nonprofit organization is just as daunting as that of a for-profit corporation.
Written by respected financial professionals from a managerial decision-making perspective for those on nonprofit boards or in day-to-day management positions with oversight responsibility for financial functions, Financial Management for Nonprofit Organizations expertly offers helpful advice on everything financial officers need to know, including:
* Managing an organization's financial resources
* Establishing and revising financial policies
* Accounting, budgets, and financial reports
* Investing for the short and long term
* Controlling and managing risk
With many real-world case studies, checklists, tables, and sample policies simplifying and illustrating financial concepts, Financial Management for Nonprofit Organizations: Policies and Practices supplies balanced and up-to-date guidelines in this readable and comprehensive guide.
There are many titles used to identify those persons responsible for the financial management of a nonprofit organization, including director of finance, chief financial officer, treasurer, controller, chief accountant, director of operations, business administrator, and financial secretary. While the title of the position varies from organization to organization, the responsibility involved does not, requiring knowledge, skill, and the ability to balance a realization of the nonprofit's mission in tandem with effective management of the organization's funds.
Written in the light of increased scrutiny and accountability of nonprofits, Financial Management for Nonprofit Organizations: Policies and Practices effectively weaves legal and ethical considerations into a comprehensive treatment of nonprofit strategy and finance, furnishing financial officers with a firm knowledge of ethical business management.
Indispensable for all types and sizes of organizations, from small religious groups and community social service agencies to major cultural institutions and colleges and universities, this important book imparts a clear sense of the technical expertise and proficiency needed as a nonprofit financial officer and includes real-world case studies, checklists, tables, and sample policies to clarify and explain financial concepts.
Unlike other books on money management within the nonprofit field, this timely book uniquely discusses the development of a basis for liquidity targeting as the primary financial objective of the nonprofit-especially noncommercial nonprofit organizations-and then ties other financial decision areas to this liquidity target throughout the book.
Financial Management for Nonprofit Organizations demonstrates that financial management functions are expanding-and supplies effective strategies that will make a real difference in every organization's ability to achieve its mission.
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