The entry point into this work will be a three-part live webinar
series that provides practical, just-in-time financial management knowledge for
nonprofit leaders, delivered in engaging and accessible ways. Each webinar
offers tactical strategies for financial decision-making that balances
immediate needs and priorities with medium- and long-term recovery goals,
preparing organizations for the aftermath of pandemic. Below are the three webinars we will cover:
Webinar 1: The Current State and Immediate Needs; April 28th, from 2-3pm ET
Operating during times of change and
uncertainty requires timely decision-making based on an accurate and current
understanding of an organization’s financial situation. This first webinar will
offer a framework for assessing organizations’ financial situation, review
tools and strategies for managing cash, and introduce an approach for balancing
immediate needs with longer-term priorities.
In this 60-minute webinar, NFF consultants will cover:
Metrics
for quickly assessing the financial situation
Cash flow
tools and strategies for managing short-term cash needs
A
framework for balancing immediate liquidity needs with longer-term needs
The tools and framework provided in this
webinar will help participants integrate their current financial state and provide
tools for managing immediate cash needs.
Resources provided: following the webinar,
participants will receive a cash flow planning template and a metrics
calculation template.
Webinar 2: Budgeting
and Scenario Planning; May 5th, 2-3pm ET
A crucial tool for navigating a rapidly
changing environment is a flexible budget that provides visibility into risks,
changes, and the “what if’s.” This webinar will focus on budgeting techniques
and tools that can increase visibility and enable timely decision-making. In
this 60-minute webinar, NFF consultants will guide participants through:
Strategies
for identifying risks and opportunities within existing budgets
Budgeting
strategies and formats that increase the utility of budgets for decision making
Scenario
budgeting and planning tools to navigate unknowns
This webinar will help participants improve
the flexibility of their budgets and add visibility for risks, timing
considerations, or potential triggers for decisions.
Resources provided: participants will receive
a worksheet to help create and prioritize scenarios and a scenario planning
tool with instructions.
Webinar 3: Financial
Storytelling and Communication; May 12th from 2-3pm ET
During times of change, turbulence and
uncertainty, it’s even more important to stay connected with stakeholders and
aligned on priorities. Nonprofit leaders must be able to tell their financial
story to create buy-in for decisions and support for potential changes. This
webinar guides participants a framework for narrating their financial situation
and offers ideas for communicating the financial story of 2020 and 2021 to
boards, funders and other stakeholders. Content in this 60-minute webinar
includes:
Three
useful types of financial stories
Guidance
on connecting numbers to narratives
Ideas
for communicating with boards and other stakeholders on financial needs and
plans
This webinar will help participants create a
clear and data-informed narrative about their organization’s financial
situation, needs and plans. It will also provide ideas for engaging with
various stakeholders around those financial stories.
Resources provided: participants will receive
NFF’s financial storytelling templates.