Pittsburgh PA 15219
Understanding the financial health of both current and prospective grantees is a critical part of the grantmaking process. Nonprofit organizations face increasing financial challenges in today’s operating environment and in order to make sound funding decisions, grantmakers must have a firm grasp of the story told by the numbers. Focusing on effective approaches to reading and interpreting financial statements, this course will equip grantmakers to understand their grantees’ financial reality, with concepts and tools applicable to grantees across a range of mission areas and business models. Topics covered will also include the importance of reserves, how general operating grants support program delivery, and what grantmakers can do to support their grantees’ financial resilience.
Due to popular demand, GWP is again offering this FMA workshop on assessing grantees’ financial health and long term sustainability. This session will provide a solid introduction to understanding and analyzing nonprofit financial health.
Participants are requested to bring the most recent audited financial statements for the grantee who most concerns them to the session.
This session is hosted by GWP’s Grants Managers Learning Network but is open to all members. It will be a brown bag meeting, so please feel free to bring a lunch. Drinks and desserts will be provided.
Speaker:
Gina McDonald, CPA, Lead Consultant
As a Lead Consultant at FMA, Gina works closely with a variety of nonprofit organizations to assist in building their internal fiscal capacity. She is often part of a team dedicated to building long-term client relationships and providing one-on-one client service customized to each organization’s needs for finance department support.
As the rules and regulations for nonprofit accounting and reporting evolve and become more complex from both funder and grant recipient perspectives, Gina stays up to date on the changes, translating regulations into relatable terms and guiding nonprofits in continued compliance.
She enjoys developing and conducting trainings on a variety of technical accounting and other matters affecting nonprofits. She is an instructor for FMA’s Certified Nonprofit Accounting Professional (CNAP) program, a comprehensive training comprising nonprofit financial reporting, internal controls, budget development, governance and the Form 990, and she has been a driving force behind the development of a long-awaited CNAP 2.0.
Prior to joining FMA, Gina spent 17 years in public accounting, including 10 years dedicated to nonprofit and governmental accounting and financial reporting as an Audit Senior Manager. Much of that work was focused on helping board members and organization leaders understand their financial results and use that knowledge to drive efficiencies and make informed business decisions. Gina has additional expertise in evaluating the effectiveness and operation of internal controls and financial policies and procedures.
Gina is Board Treasurer for the Rhode Island Council for the Humanities, and she regularly seeks other opportunities to assist nonprofits both close to home and nationwide.