Characteristics of Financially Healthy Nonprofits

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Characteristics of Financially Healthy Nonprofits

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:

Mission, vision, & finance align
Roles & responsibilities are clear
Planning processes are effective
Business model is understood
Financial management practices are routine
Policies foster accountability

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

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Presenter: Michael Anderson

Michael Anderson is responsible for advising nonprofits through the loan application and review process, as well as throughout the lifecycle of the loan at Nonprofits Assistance Fund. He also provides technical assistance and delivers training workshops on a wide variety of nonprofit financial management topics. He graduated from St. Thomas and holds a Master of Public Policy degree from the Humphrey Institute of Public Affairs. Michael serves as adjunct faculty at the University of Minnesota and on the Board of Directors of PRG, Inc., a nonprofit community development corporation.