Nonprofit Training -- Strengthening Cash Flow Planning
Intended Audience: Nonprofit staff or board members who are interested in feeling more confident in building and implementing the organization’s budget.
Session Facilitator: Jessica Richter, CPA, CITP, CISA and Partner at Forvis Mazars.
Cash flows can be difficult to understand and explain but are key to long-term mission sustainability. This session explains cash flows, how to plan them and how to communicate your organization’s cash flow needs in a changing funding environment.
Jessica will utilize her extensive background in nonprofit finance to help the audience explore how cash flow planning differs from budgeting, why reserves are critical to financial sustainability and how organizations can use practical strategies to improve the timing of inflows and outflows.
Key Takeaways:
- Develop a practical approach to cash flow planning by understanding key drivers, timing considerations and funding risks that impact nonprofit financial sustainability.
- Evaluate reserve strategies and cash management practices that help strengthen liquidity, support operations and prepare organizations for uncertainty.
- Apply effective cash flow forecasting and modeling techniques to improve decision-making, scenario planning and organizational resilience.
- Communicate cash flow projections, risks and strategic recommendations to boards and other stakeholders with greater clarity and confidence.