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Organizations with strong financial management are better able to fulfill their mission and deliver high-quality services.

With Fiscal Management Associates (FMA), a leading financial management consultant for nonprofits, we've created this library of resources to help your organization become "fiscally fit."​

 What’s in the StrongNonprofits Toolkit?
 
​​Tools: Customizable resources you can use to ma​​nage your operations
Schedules: Pre-loaded, customizable calendars to keep you on​ track
  Guidance: Advice from field experts on how these tools fit into your overall finance operations to build operational excellence
  Self-Assessments: Quizzes and c​hecklists to take stock of your current operations and clarify where to focus next
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Budgeting/knowledge-center/resources-for-financial-management/Pages/budgeting.aspxBudgeting#1e6361<img alt="" src="/knowledge-center/resources-for-financial-management/PublishingImages/budgeting-icon.png" style="BORDER:0px solid;" /><div class="ExternalClass49E1D8C6D45F4780BFB9A71285E4602D"><p>Plan, design and build your organization's operating budget to deliver on your mission effectively and sustainably​<br></p></div>
Cash Flow/knowledge-center/resources-for-financial-management/Pages/cashflow.aspxCash Flow#90283c<img alt="" src="/knowledge-center/resources-for-financial-management/PublishingImages/cashflow-icon.png" style="BORDER:0px solid;" /><div class="ExternalClass8DDE4C01D76C4A97B7415C65AE21D700"><p>Forecast and monitor cash flow to ensure you have the money you need when you need it ​​<br></p></div>
Operations/knowledge-center/resources-for-financial-management/Pages/operations.aspxOperations#dc002c<img alt="" src="/knowledge-center/resources-for-financial-management/PublishingImages/operations-icon.png" style="BORDER:0px solid;" /><div class="ExternalClass2B6B8D50EAD041CBACB669168ABED455"><p>Ensure your finance office operations run efficiently and effectively<br></p></div>
Data and Analysis/knowledge-center/resources-for-financial-management/Pages/data.aspxData and Analysis#b3a800<img alt="" src="/knowledge-center/resources-for-financial-management/PublishingImages/results-icon.png" style="BORDER:0px solid;" /><div class="ExternalClass62BCD10D558B42248881DD57A7F13D88"><p>Visualize and understand what your numbers mean<br></p> <p><br> </p></div>
Audit Readiness/knowledge-center/resources-for-financial-management/Pages/audit.aspxAudit Readiness#0468dc<img alt="" src="/knowledge-center/resources-for-financial-management/PublishingImages/audit-icon.png" style="BORDER:0px solid;" /><div class="ExternalClassF144665D16F74EEBAD6134DD449AADFA"><p>Prepare for your audit and maintain audit readiness throughout the year​<br><br></p></div>
Governance and Strategy/knowledge-center/resources-for-financial-management/Pages/governance.aspxGovernance and Strategy#e65f00<img alt="" src="/knowledge-center/resources-for-financial-management/PublishingImages/strategy-icon.png" style="BORDER:0px solid;" /><div class="ExternalClassB0AABB6B92344F5B8045541E32E77AD5"><p>Employ big-picture thinking to connect your financial resources with mission goals​<br></p></div>

 Equity in Financial Management

At its core financial management is about the allocation of resources. It is not neutral. We make choices, and choices can reinforce structural inequities. If you value diversity, equity, inclusion, and belonging, your financial management processes and decisions can and should reflect these priorities. These resources can help you consider how your organization’s commitment to equity shows up in the finance function.​

  • Equity in Financial Management Self-Assessment
    This assessment tool highlights equitable management practices in financial planning & monitoring, staffing, and operations and helps you identify what’s in place at your organization and where you might improve.

 Financial Management is not Neutral

Listen to Hilda Polanco, Jessica Huey, and Rodney Christopher of BDO’s Nonprofit & Grantmaker Services share their thoughts on the importance of equity in nonprofit financial management.​

 Resources to Get Started with Operational Excellence

 

 

NONPROFIT FINANCIAL INFRASTRUCTURE SELF-ASSESSMENT24338<img alt="Fiscal Infrastructure Self-Assessment" src="/knowledge-center/resources-for-financial-management/PublishingImages/fiscal-infrastructure-self-assessment-thumb.jpg" style="BORDER: 0px solid; ">GuideUse this comprehensive word-based tool to understand your organization’s current strengths and limitations, and gain insight into where to start with the toolkit.5/9/2022 1:52:00 PMEach of the items below asks you to reflect on your organization’s alignment with what is considered “best practice” around key elements of nonprofit financial management 1592https://www.wallacefoundation.org/knowledge-center/resources-for-financial-management/Documents/Forms/AllItems.aspxdocxFalsedocxhttp://admin.wallacefoundation.org/knowledge-center/resources-for-financial-management/Documents/Fiscal-Infrastructure-Self-Assessment.docxapplication/vnd.openxmlformats-officedocument.wordprocessingml.document WF SFM Resource
Fiscal Management Activities Calendar (EXCEL)24339<img alt="" src="/knowledge-center/resources-for-financial-management/PublishingImages/Fiscal-Management-Activities-Calendar-thumb.jpg" style="BORDER: 0px solid; ">ToolMap out your entire fiscal year with this customizable excel tool that highlights key processes (like Audit, Budgeting and Monitoring) that overlap and depend on each other throughout the year.4/15/2022 8:34:40 PMFiscal Management Activities Calendar: Instructions The attached tool provides a calendar of fiscal management activities that most nonprofit organizations will need to carry out 6423https://www.wallacefoundation.org/knowledge-center/resources-for-financial-management/Documents/Forms/AllItems.aspxxlsxFalsexlsxhttp://admin.wallacefoundation.org/knowledge-center/resources-for-financial-management/Documents/Fiscal-Management-Activities-Calendar.xlsxapplication/vnd.openxmlformats-officedocument.spreadsheetml.sheet WF SFM Resource

 Not Sure Where to Start?

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