In the continuing effort to provide help to League member orchestras, we would like to offer you this free Financial Health self-assessment tool developed by the Nonprofit Finance Fund. It is a simple worksheet that addresses core areas of nonprofit finance and helps to identify areas of financial strength and weakness.
To access the worksheet, click here.
This valuable resource will help you make a compelling case within your organization for the need to establish an operating reserve.
This toolkit was created to provide a resource to:
- help to make a compelling case within the organization for the need to establish an operating reserve
- provide factors to take into consideration in determining the size of the operating reserve for their organizations
- suggest practices for managing the reserve and reporting its balance
- offer some tools with which to go about drafting a policy to record decisions
Free to League members; available on-demand. Register here.
The Operating Reserve Policy Toolkit is sponsored by the National Center for Charitable Statistics, Center on Nonprofits and Philanthropy at the Urban Institute, and United Way Worldwide.