Congratulations. Being able to understand your financial statements and what they say about your financial performance is the first step in achieving financial sustainability.
Having a clear idea on the financial performance of your not-for-profit is imperative to making the right management decisions. Take some time to learn how to read your financial statements.
Your financial statements will provide important insights into the performance of your organisation. To learn how to read and analyse these download our Financial Analysis for NFPs guide.
Financial sustainability is the major concern for CEO's working in the not for profit industry. We hope that you found this checklist useful and gave you some ideas/confidence to improve your financial sustainability. If there were any areas of concern that were raised we would encourage you to look at these as a mater of priority. If you are not sure how to do this why not talk to us further. We are more than happy to shout you a coffee and learn more about what you are trying to achieve. Contact MGI for further assistance.