The New York-based Nonprofit Finance Fund is marketing a financial management program to tax-exempt organizations, which covers a range of nonprofit issues, from diversifying revenue streams to setting financial benchmarks. The Nonprofit Business Analysis program conducts a rigorous four-to-six-week analysis of a fund’s audits and financial reports over the past five years and will then meet with executives and board members to set a plan to meet goals. “Boards can learn to interpret financial information, which is very important in this environment of increased scrutiny about how nonprofit funds are used,” said Terry Saunders Lane, v.p. for programs at the Boston Foundation. Clara Miller, president and ceo of the NFF, said an important question the program asks is how each nonprofit should allocate its assets to best carry out its mission. The program is aimed toward nonprofits at critical turning points, especially those that are significantly growing their assets or experiencing a change in leadership. For more information, visit NFF’s Web site (www.nonprofitfinancefund.org).
