Financial Strategy in Turbulent Times with Scott Schaffer of PIM Consulting
Event Summary
September 28, 2021, 1-2:30 PM ET & September 30, 2021, 1-2:30 PM ET
Event Details
This decade is proving to be a chaotic environment to run an organization. How can we work toward maintaining and improving financial health while so many variables are unknown or changing?
This two-part workshop guides nonprofit leaders toward a deeper understanding of financial strategy and how to implement it in your organization.
Session 1 focuses on defining the elements of financial strategy, standards and metrics of financial health, and the essence of financial leadership: telling stories through data and building alignment of various stakeholders behind a plan. We’ll also explore the root causes of common financial problems and the concept of managing risk.
Session 2 presents a conceptual framework for the nonprofit business model, which we will apply to a case study. We’ll also explore concepts of cost analysis, return on investment and emerging human resources issues, which are increasingly central to nonprofits’ financial strategies.
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