Financial Reporting
Your board and other stakeholders need timely and easy-to-understand financial statements in order to monitor the organization's financial performance. Reporting by program or activity is also essential to element to evaluating results.
Statement of Financial Position (Balance Sheet)
This report provides a snapshot of the organization’s assets, liabilities, and net assets at a specific point in time. It helps stakeholders understand the financial stability and liquidity of the organization.
​
Statement of Activities (Income Statement)
This report summarizes the revenues and expenses over a specific period and shows the organization’s overall financial performance. It highlights how funds were generated and utilized, detailing contributions, grants, program revenue, and operating expenses.
Statement of Functional Expenses
This report breaks down expenses by function (e.g., program services, management, and fundraising). It provides transparency on how resources are allocated and helps assess the efficiency of the organization’s operations.
Cash Flow Statement
This document tracks the flow of cash in and out of the organization during a specific period. It outlines cash activities related to operating, investing, and financing activities, helping stakeholders understand the organization’s liquidity and cash management.
Budget vs. Actual Comparison
Comparing actual financial results with budgeted figures allows the organization to assess its performance against planned objectives. It helps identify variances and support better future budgeting and planning efforts.
Fundraising Performance Data
Including information on fundraising efforts, donor contributions, and grant awards can help stakeholders understand how effectively the organization raises and manages funds.