Financial planning contributes significantly to the success of a non-profit organization and allows it to better accomplish its mission. Planning tasks are challenging and too often are overlooked. In this time of shrinking governmental support for non-profit organizations, astute use of available resources following a well - developed financial plan may be the key to a
non-profit’ s survival. The concepts and techniques presented in this book can simplify the
efforts of financial managers and boardYour board of directors provides governance to your organization.
members to be fiscally responsible, or accountable, to the organization ’ s private and governmental funders, to its clients
This term is used here to refer to the service-users that organizations work for and with and provide services to. We have chosen to use clients because of its common currency and ease of use, while acknowledging that it may unintentionally connote a particular ideology of patronage or a purely financial transactional relationships between organizations and the people they serve.
, to the community
The broad group of people who are stakeholders of an organization. Extending beyond the people that enter our buildings and use our services, an organization’s community may include cultural groups, sectoral partners, and other groups of people joined together by common identity, geography, and other bonds. Often where we use ‘community’ the word is actually short for multiple communities.
in which it operates, and to the society benefiting from its work.
Jody Blazek. (2008) Non-profit Financial Planning Made Easy