Telling Your Organization's Financial Story

Date03/06/2018   |   Time9:30 am - 4:30 pm  

Huntington Bank Room Toledo-Lucas County Public Library
325 Michigan Street
Toledo, OH 43604
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Contact: Toni Shoola, Associate Director
Phone: 419-241-9513

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This workshop is eligible for 6 hours in the Financial Management Track of the Certificate in Nonprofit Management.

This workshop is the first of four in the Minority Executive Leadership Certificate.

Workshop description: 

Under today’s economic strain, it is critical that nonprofit leaders understand the “story” behind their organizations’ financial results. Leaders who have a firm grasp of the numbers will be better equipped to convey that story to both internal and external stakeholders. Such leaders will also be better positioned to use historical data to inform annual and strategic plans, connecting the past to the future as they chart a course towards long-term financial sustainability for their organizations. Using audited financial data, participants will gain an understanding of their organizations’ current financial health and trends over time, and how this information compares to industry benchmarks in the nonprofit sector.

Key concepts covered in the training will include:

  • Understanding audited financials, including the four key statements
  • Discussion of key indicators of financial health (including relevant benchmarks):
    • Liquid Unrestricted Net Assets
    • Months of cash on hand
    • Operating results
    • Resource allocations among functions
  • Calculating financial metrics using an Excel-based “Nonprofit Financial Health Analysis” tool
  • Communicating financial results to internal and external stakeholders
  • An overview of the IRS Form 990 and what it says to the outside world about an organization

Target Audience:
Staff in finance or other relevant leadership positions at nonprofit organizations.

Presenter's Bio:
Gretchen Upholt, an experienced staff and program manager, has expertise in training, capacity building, research, and program and volunteer management. Before joining the FMA team, Gretchen served as the head of the Volunteer Department at the Thabyay Education Network in Thailand. In that role Gretchen developed a strategic plan to improve monitoring and evaluation and program management in her department. She also served on the leadership team for the organization, where she reviewed and approved budgets for the organization’s 22 programs and worked on a plan to restructure the organization’s finance and operations staffing and systems.

Before her work in Thailand, Gretchen served as a Community Development Peace Corps in Ukraine, where she designed project frameworks, wrote grants, and led a committee tasked with making funding decisions for USAID funded grants. With a widely diverse background, Gretchen also has experience working on the corporate citizenship team at the TCC Group, designing and implementing a pilot research study on nonprofit talent costs for the Talent Philanthropy Project, as a project manager with the Connecticut Coalition to End Homelessness, and as Chorus Manager for The Choral Arts Society of Washington.

Gretchen holds a Masters of Public Administration in Public and Nonprofit Management from NYU’s Wagner School of Public Service, where she was a Head Teaching Colleague for the core finance and management classes. Gretchen continues her relationship with Wagner as an Adjunct Teaching Colleague, teaching classes on a variety of topics, including budgeting, indirect costing, and financial statement creation and analysis.

She received her Bachelors and Masters degrees in Arts and Cultural Management from American University in Washington, DC. She maintains her love of music as a chorister with The New York Choral Society and speaks Ukrainian and some Spanish and Russian.

Event Logistics:

  • Workshop registration starts at 9:15 am.
  • The cost of the workshop does not include lunch.
  • A map of lunch options will be provided in an email sent to you prior to the workshop.
  • Workshop slides will be emailed to you prior to the workshop.
  • Morning coffee will be provided.
  • Water will be provided throughout the day.

Contact Us

300 Madison Avenue
Suite 1300
Toledo, OH 43604
P     419.241.9513

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The Center For Nonprofit Resources is a Partnership between United Way Toledo Community Foundation