Streetsmart Financial Basics for Nonprofit Managers

ISBN-10: 0471205702

ISBN-13: 9780471205708

Edition: 2nd 2002 (Revised)

Authors: Thomas A. McLaughlin

List price: $34.95
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This accessible and readable guide helps experienced nonprofit managers, board members, and volunteers become educated consumers of financial information. It offers guidance on reading and interpreting financial data from bookkeepers and accountants to make management decisions that ensure the financial future of a nonprofit organization.
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Book details

List price: $34.95
Edition: 2nd
Copyright year: 2002
Publisher: John Wiley & Sons, Incorporated
Publication date: 6/26/2002
Binding: Paperback
Pages: 256
Size: 6.00" wide x 9.00" long x 0.50" tall
Weight: 0.990
Language: English

Thomas A. McLaughlin is Director of Consulting Services, Nonprofit Finance Fund, and member of the faculty at the Heller School for Social Policy and Management at Brandeis University. He is also the author of Nonprofit Strategic Positioning: Decide Where to Be, Plan What to Do and Nonprofit Mergers and Alliances, both published by Wiley. His email address is

Organizational Structure: Programs and Corporations
Types of Nonprofit Organizations
Structure of Nonprofit Organizations
Loss of Tax-Exempt Status, or the Monster Within
Mission: Managing Your Two Bottom Lines
The Role of a Value System
The Nonprofit's Dilemma and How to Solve It
Accounting as a Second Language--a Nine-Point Program
The Entity Principle
Money Measurement
Conservatism Principle
The Cost Concept
The Materiality Principle
Ongoing Concern
Dual Aspect
Realization Principle
Matching Principle
Balance Sheets: How They Get That Way
Current Assets
Noncurrent Assets
Current Liabilities
Noncurrent Liabilities
Making the Balance Sheet Dance
Financial Analysis: A Few Diagnostic Tools
Financial Statement Analysis for Math Phobics
Current Ratio
Days' Cash
Days' Receivables
Cash Flow to Total Debt
Debt to Net Assets
Total Margin
Operating Margin
Accounting Age of Plant/Equipment
A Footnote
Nonprofit Accounting: Acknowledging the Strings Attached
The New Fund Categories
Other Provisions
What It All Means
Cost Accounting: How Much Does It Cost?
A Form of Management Accounting
Indirect Costs
Certain Support Costs Get Assigned to Other Support Costs
Breakeven Analysis--Another Use for Cost Data
Cost Accounting versus Cost Reporting
Auditing: Choosing and Using an Auditor
Audit, Review, and Compilation
The Auditor Market
Getting Value from the Audit
Cash Flow Management: Why Cash Is King
Up the Balance Sheet
How Much Cash Is Enough?
Capital: Why Capital Is Not a Four-Letter Word
The Mechanics of Capital Financing
The Present Value of Money
Sources of Capital
The Great Divide among Nonprofits
Future Access to Capital Markets
The Role of Net Assets
Strategic Capital Management
Budgeting: Taming the Budget Beast
Playing Revenues Like a Symphony
Indirect (General and Administrative) Costs
Indirect Costs and Other Despised Items
Still, It's Low That Counts
Secret of the Indirect Cost Game
Pricing: How Much Should It Cost?
Pricing Methodologies
Going the Other Way--Contractual Adjustments and Subsidies
Pricing Strategies
How to Price
Profit: Why and How Much?
Profit Defined
Uses of Profit
Profit--How to Get It
What Can Be Done
To Raise More Money, Think Cows
Bequests--Cow to Charity
Charitable Remainder Trusts--Milk to Beneficiaries, Cow to Charity
Pooled Income Funds--Donors Put Their Cows in a Herd, Keep Rights to Milk
Insurance: The Maddeningly Complicated Art of Covering Your Assets
To Insure to Self-Insure?
Risk Management
Internal Controls for External Goals
The Elements of Internal Control
How to Monitor the System
Maintaining the System
Management Controls: Toward Accountability for Performance
Management Controls Circa 1980
Beyond Management Controls in the Twenty-First Century: How to Do It
How to Prepare--Strategic Business System Positioning
Youth Haven: Audited Financial Statements
Using the CD-ROM
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