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Characteristics of Financially Healthy Nonprofits

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Click to view previously recorded webinar

Do you want to see your mission fulfilled into the future? Maintaining financial health is essential for sustainability.  It takes effort and commitment, but the rewards are clear: greater effectiveness, donor trust, and contribution dollars.

Michael Anderson of Nonprofit Assistance Fund explains that responsible financial practices must be engrained within the structure of a nonprofit. He identifies six characteristics of financially healthy organizations:

  1. Mission, vision, & finance align
  2. Roles & responsibilities are clear
  3. Planning processes are effective
  4. Business model is understood
  5. Financial management practices are routine
  6. Policies foster accountability

Learn how to set your nonprofit up for financial success by viewing this webinar with Michael Anderson (recorded 2010).