Does your board “get” your financials?

Description

Abstract: Not all of a nonprofit’s board members may really understand the numbers they receive and what they mean to the organization. This article offers ways to help make this information clearer, beginning with understanding the members’ varying levels of expertise and how to improve their knowledge. It then offers concrete examples of effectively communicating information through pie charts, bar graphs and financial ratios. A sidebar mentions the importance of conducting a cash flow analysis.