SDM Accounting Insights: Is Your Nonprofit Monitoring the Measures That Matter?

Episode 9 June 28, 2019 00:02:53
SDM Accounting Insights: Is Your Nonprofit Monitoring the Measures That Matter?
SD Mayer
SDM Accounting Insights: Is Your Nonprofit Monitoring the Measures That Matter?

Jun 28 2019 | 00:02:53

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Show Notes

If you want to control costs and improve delivery of your not-for-profit’s services, it’s important to calculate and regularly monitor four key ratios. They are: 1) percentage spent on program activities, 2) percentage spent on fundraising, 3) current ratio (representing your ability to pay your bills) and 4) reserve ratio (representing reserves available during temporary cash crunches). Looking at the right numbers is only the start. To ensure you’re achieving your objectives cost-effectively, make sure everyone in your organization is focused on outcomes directly related to your mission.

https://www.sdmayer.com/insights/blogs/nonprofit/is-your-nonprofit-monitoring-the-measures-that-matter/

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