Resources for Nonprofit Financial Management
Organizations with strong financial management are better able to fulfill their missions and deliver high-quality services. With FMA, a leading financial management consultant for nonprofits, The Wallace Foundation has created this library of resources to help your organization become "fiscally fit."
How to Strengthen Financial Management
Strong financial management involves four key elements – planning, monitoring, operations and governance. Here are resources for learning how to do them right. More...
Four Key Areas of Strong Financial Management
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PlanningWith budgeting and financial analysis, you can use your resources strategically to help achieve your organization's goals. |
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MonitoringRegularly review financial results to ensure you're using resources according to your plan – and advancing organizational objectives. |
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OperationsA strong infrastructure for planning and monitoring means both employees who know how to analyze information and software that helps them. |
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GovernanceYour board of directors should provide the oversight and guidance to ensure the organization fulfills its obligations – and its mission. |