Understanding your nonprofit's income statements, profit/loss statements, revenue, and expenses

(Nonprofit Financial Management 3/12) In order to plan effectively, nonprofit leaders must understand how their organization’s past income and expense dynamics influence its present and future finance picture. In this webinar, NFF will cover how to read income and profit/loss statements as well as how to assess an organization’s revenue and expense picture. You will learn key terms for forecasting revenue and expenses and best practices for budgeting for restricted revenue and one-time or episodic revenue and expenses. For more information and to download the slides and companion workbook: https://nff.org/fundamental/nonprofit... In this video: 00:00 - Intro 00:21 - Land acknowledgment 00:53 - Background on NFF 02:10 - Learning goals 02:43 - Surpluses support mission success 04:32 - How does the income statement reflect the business model? 06:37 - Business model in a perfect world 07:48 - How does your organization make money? 11:40 - How does your organization spend money? 13:58 - Restrictions affect the flow of money 16:54 - Income statement example 20:30 - Below the line: Operating vs. non-operating + example 25:51 - Operating revenue with expenses 28:00 - Outro #nonprofitfinance #NonprofitTips #CDFI