logo

Tag

Nonprofits

The Financial Statements of Nonprofits

A better way to compare the stability and success of nonprofit organizations.

  I spent some time last week reviewing Common Size Financial Statements.  Investopedia defines these statements as “A company financial statement that displays all items as percentages of a common base figure. This type of financial statement allows for easy analysis between companies or between time periods of a company”.  Therefore, by using common size financials, one great benefit is that a person can review a company’s financial status in comparison with another company even if those companies are not comparable in other ways. Read More

Do you Mastermind? A tool for successful nonprofit leaders.

How the whole can be greater than the sum of its parts.

People have participated in mastermind groups in the United States since the time of the Declaration of Independence’s creation.  Mastermind groups consist of people who come together regularly to set goals, intentions and action plans to become something greater than what they already are.  In some ways it’s an accountability group, but it is also so much more.  It is also a group of great minds that contribute to each person’s ideas to give them more clarity, power and impact. Read More