NEWS & ANALYSIS

08/31/2023
HSC Events and Programming, HSC Professional Services

Nonprofit Financial Management Support

The Human Service Chamber is excited to partner with Big Change Consulting and Wells CPA to empower nonprofit staff to achieve more strategic and efficient financial operations. Wells CPA’s and Big Change Consulting’s leadership have extensive experience working within and advising nonprofits in financial management. They developed a series of workshops and will provide one-on-one consulting to help agencies address pressing issues. 

Big Change Consulting and Wells CPA will be available for consulting to address strategic financial management issues. This consulting will guide organizations in decision-making, provide resources, and answer brief questions. 

Nonprofit staff can sign up for any or all of the below workshops using this Google Form. All workshops are in person unless noted otherwise. All in-person workshops for this series will take place at 215 N. Front St., Columbus, OH 43215.

Workshops

  • Workshop 1: Budgeting
    • Date: September 26, 2023, from 12:30-4:30pm
    • Presenter: Jodi Segal
    • Part A: Organizational Budgeting – Budgets are financial plans, and they tell a story. Participants will learn the various purposes of a budget, how to build a budget, and how to propose it to the board. Once approved, staff must address changes, followed by reporting. We will address these topics and share tools for both simple and complex budget management.
    • Part B: Grant & Project Budgeting – Grants and project budgets have a lot in common with organizational budgets but likely have different timeframes and don’t perfectly align with the approved budget. We’ll draw some comparisons with organizational budgets to solidify the concepts and keep processes consistent. Participants will learn the components of grant budgeting, how to develop a grant budget, calculate overhead, manage budget changes, and prepare grant budget reports.

  • Workshop 2: Financial Management & Storytelling
    • Date: October 24, 2023, from 9am-1pm
    • Presenter: Donald Wells
    • Part A: Financial Management –  Participants will learn what a nonprofit leader really needs to know about financial management to be a well-informed steward. This workshop will teach leaders how to ensure they stay compliant, fulfill the expectations of their donors and other stakeholders, and stay on top of their organization’s financial needs.
    • Part B: Storytelling Through Financial Statements –  All financial data and documents tell a story. Does the story this information tells match your organization’s overall story? This forum will teach how to use financial documents and Form 990s to tell a story of your organization that reflects the hard work and community impacts that your organization is achieving.

  • Workshop 3: 990s & Audits
    • November 8, 2023, from 9am-1pm
    • Presenter: Donald Wells
    • Part A: Form 990 – Become acquainted with Form 990 and how you can use it for more than only satisfying reporting requirements. The IRS, funders, and donors use ten sections within the 990 forums to make funding decisions. Learn about the 990 sections and how to use them to maximize your impact on these important stakeholders.
    • Part B: Do I need an audit? – “Audit” is a technical term encompassing accounting and analyzing fiscal year-end financial statements and narrative segments. This forum will share when you need an audit, review, or compilation and when each makes the most sense. Participants will also learn what to expect from an audit, the process, and how to prepare.

  • Workshop 4: Board Members – Legal & Financial Responsibilities (virtual)
    • January 17, 2024, from 10am-12pm 
    • Presenter: Donald Wells
    • Board members’ legal and financial responsibilities remain the same, regardless of organization and stage of life. The differences between organizations occur in the policies and procedures used to mitigate legal risk. This forum will provide insight into policies within the State of Ohio and points on satisfying legal and financial reporting requirements. 

  • Workshop 5: Banking (virtual)
    • February 20, 2024, from 10am-12pm
    • Presenters: Jodi Segal and Huntington Bank
    • Banking may seem straightforward, but there are a lot of nuances and risks. Participants will learn from local Huntington Bank nonprofit business banking experts about handling the many forms of money that come in and go out, fraud protection, deposit accounts, and what to consider for when selecting a bank.

  • Workshop 6: Using Financial Tools & Templates
    • March 12, 2024, from 12-2pm
    • Presenter: Jodi Segal
    • This session is an opportunity for participants to learn how to use a wide range of tools and templates. We will show examples and have plenty of time for Q&A. Participants should bring their computers and questions.