Financial Management for Nonprofits
Written by Peter Konrad and Alys Novak
Published by Regis University
 
 
Financial Management for Nonprofits is written for the manager of a nonprofit organization who loves people and programs but dreads finance and accounting.  These individuals are often very good managing their staff and leading their boards but struggle to understand financial statements or make financial decisions. They are often well educated in social work, psychology or other related fields but have little or no business background. Financial Management for Nonprofits is a book dedicated to these hardworking and caring individuals. 
 
Most nonprofit accounting books are written for accountants, and as such, assume accounting knowledge beyond most nonprofit managers. Financial Management for Nonprofits is written instead for those with little or no accounting experience. It starts with the basics and builds slowly, emphasizing concepts rather than numbers. The approach is more like learning a language than struggling through a math class. For example, there are important vocabulary words such as assets, revenue, balance sheet, cash flow, breakeven, etc. that a nonprofit manager should know. In addition, the manager should understand accounting principles such as accrual accounting, capitalization and depreciation, which are like grammar in accounting, the language of business. The goal of this book is not to make one a bookkeeper but rather prepare a manager to understand and use financial information a bookkeeper provides. For example, how does a manager read a balance sheet and an income statement? How does a small organization develop a system of internal control to protect their assets and provide reliable and meaningful financial information? How does a program manager determine the appropriate price for the organization’s services? These and many other questions are answered in Financial Management for Nonprofits.
 
Peter Konrad, the primary author, is foremost an educator. He has earned his doctorate in education and was a high school teacher and principal. He has taught nonprofit financial management at the graduate school level for over 15 years. He also has managed nonprofit organizations, with 15 years as Chief Financial Officer of a large grant making foundation and is a Certified Public Accountant. His co-author, Alys Novak holds a degree in journalism and a Masters in Business Administration. She, too, has a lengthy career as a nonprofit manager. Together they make this frequently difficult subject, clear and entertaining. 
 
To order this important book:
 
Call: 1 (877) 922-9283 
 
Or log on to:
booksales@bayaudindustries.org


  

Peter A. Konrad, Ed. D
Philanthropic Advisor

2965 Akron Court
     Denver, Colorado 80238      

Phone:
(303) 993-5385

Email:
pkonrad@konradconsulting.com