How Cash Management Can Strengthen a Nonprofit (Virtual)
Description
How Cash Management Can Strengthen a Nonprofit
This workshop is free for Nonprofit Montgomery members and $30 for nonmembers. Registrants will receive a Zoom link prior to the start of the program.
Description:
Maintaining steady cash flow to cover operational costs and avoid funding gaps while planning ahead to anticipate income fluctuations and manage expenses effectively can be difficult for all organizations. During this call we will discuss establishing a financial cushion to handle unexpected expenses or funding delays, ensuring there’s enough cash on hand to cover payroll, rent, and essential programs without financial strain as well as other strategies that your organization could use to help manage funding streams.
Date: Wednesday, May 7 11 am to 12 pm
Location: On Zoom
Topics that will be discussed:
- Ensuring Financial Stability
- Strategic Budgeting & Forecasting
- Building & Managing Reserves
- Optimizing Revenue Collection
- Smart Expense Management
- Avoiding Cash Flow Shortages
Speaker:
Bill N. Polizos
Executive Vice President
Financial Advisor