Finance

Rebalancing Act - How Boards Navigate Financial Pressure Without Losing Their Mission

The financial pressure on not-for-profit organisations right now is real and well-documented. The ACNC’s latest Australian Charities Report shows that while total sector revenue rose by around …

Common Accounting Terms for Not-for-profit Organisations

Having a good level of financial understanding can enable an organisation’s board members to make better decisions about the financial future of the organisation they serve. Understanding common …

Director Financial Literacy

As a board director understanding financial statements is not just about fulfilling a role; it’s about proactive stewardship and ensuring your organisation’s success. If the complexity of financial …

The Challenge of being the Treasurer

Glenn Poole: Well, good afternoon. Thank you for coming back so promptly for this final session this afternoon. My name’s Glenn Poole and I’m an Executive in Residence at the Australian …

The Funding Conundrum

The board of a not-for-profit organisation is ultimately responsible for the organisation, its impact and its activities. But what does this really mean? Many directors find it difficult to understand …

Financial Metrics: A Guide for NFP Boards

It’s easy to count how much money you’ve made. It’s not so easy to demonstrate that you really are helping children to reach their full potential, or how effectively you’ve raised awareness of a rare …

Asset Protection in a Commercial Environment

Recent activity in the not-for-profit sector has made it clear that many organisations are beginning to operate in a more commercial manner. With such changes occurring, not-for-profit organisations …

All Your Eggs in the One Basket? The Importance of Diversifying Income for NFPs

Boards no doubt want to see their organisations deliver impact long into the future. And grow this impact, too. Unpredictable government funding and increasingly competitive philanthropy makes it hard …

Distressed Balance Sheets – The Board’s Role

“Things are pretty tough in the market these days”. How often do we hear that? I’ve rarely heard anyone say over the years that “conditions are ideal right now”. Whether you …

The Art of Financial Management

Mr. Micawber’s famous, and oft-quoted recipe for happiness highlights the importance of strong financial management: Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen …