Managing Your Organization's Finances
Resources offer detailed information for child welfare administrators and managers about financial management, accounting, income generation, financial procedures, and more. Resources include State and local examples.
Nonprofit Good Practice Guide
Helps nonprofits understand basic practices in financial management and build the systems and practices essential for a fiscally responsible organization.
National Council of Nonprofits-Financial Management
The National Council of Nonprofits (Council of Nonprofits)
Identifies emerging trends, shares proven practices, and promotes solutions that benefit charitable nonprofits and the communities served.
Basic Guide to Non-Profit Financial Management
Offers links to websites, books, and other resources that address basic skills in financial management: cash management, bookkeeping, creation and analysis of financial statements, and more.
Beyond the Award Letter: Fund Management for Leaders of Small Youth-Serving Organizations (PDF - 578 KB)
Gager & Marchand (2009)
Offers a quick self-assessment guide to help program staff identify guidelines to accomplish the goals of an organization while meeting financial obligations to the grant or contract funding source.
Beyond the Checkbook: A Financial Management Guide for Leaders of Small Youth-Serving Organizations (PDF - 867 KB)
LaVallee & Sandel (2009)
Presents a financial management guide to help organizations develop the tools and knowledge needed to create and use sound financial management practices. The guide identifies key components of financial management systems, discusses important considerations and trade-offs that organizations make in designing systems, and provides additional resources for those seeking to pursue specific strategies.
Building Stronger Nonprofits Through Better Financial Management: Early Efforts in 26 Youth-Serving Organizations (PDF - 2,048 KB)
Kotloff & Burd (2012)
Examines the early part of a Wallace Foundation project to help build the financial muscle of leading Chicago after-school providers, and reports its findings that indicate providers need to master three skills: understanding the full cost of programs, monitoring program finances, and meeting expenses promptly.
The Financial Crisis: What's a CEO to Do?
Children's Voice, 2005
Presents a sequential list of activities a chief executive can do to improve the financial health of an organization, such as analyzing monthly revenues and expenses, developing a financial action plan, and engaging staff.
Financial Leadership for Nonprofit Executives: Guiding Your Organization to Long-Term Success
Peters & Schaffer (2005)
Presents a financial leadership model with four components: ensure accuracy, assess, plan, and communicate. The book provides a discussion of and action steps for each of the four components, self-evaluation forms, and a list of additional resources.
Voluntary Sector Knowledge Network
Links to websites, books, journal articles, and other resources on the topics of general financial management for nonprofits, accounting, and budgeting.
Improving Publicly Funded Human Services: Incorporating Capacity Building Into the Contracting Relationship Between Children's Services Councils and Nonprofit Organizations (PDF - 525 KB)
Florida International University
Analyzes a two-site case study examining the capacity building practices, influencing factors, and outcomes that Children's Services Councils provide to nonprofit organizations contracted to deliver human services. This report laid the groundwork for future development of a model for capacity building in a local government contracting setting.
Managing Agency Finances
In Effectively Managing Human Service Organizations (3rd ed.)
Describes the budgeting process for human service organizations, providing information on types of income and expenses, preparing a budget, relating the budget to work plans and objectives, reducing costs, achieving long-range financial stability, and using the budget as a management tool.
Managing Child Welfare in Tough Times
Children's Voice, 2004
Considers options to balance child welfare agency budgets, such as reducing expenses and eliminating inefficient programs, revising strategic plans to reflect the economic environment, and identifying innovative strategies for funding.
Meeting Funder Compliance: A Case Study of Challenges, Time Spent, and Dollars Invested (PDF - 346 KB)
Lara-Cinisomo & Steinberg (2006)
Uses a case study to examine management processes: how staff of one nonprofit invested their time tracking outcomes, reporting results, and meeting funder compliance. Suggests areas for improving efficiency in nonprofits' compliance-related activities and in areas where funders might reevaluate their compliance requirements.
Model Policies and Procedures for Not-for-Profit Organizations
McMillan (2008, 4th ed.)
Offers strategies for financial management and sample policies for developing sound fiscal and organizational structures for nonprofit organizations.
Right on the Money: How to Keep the Doors of Your Nonprofit Organization Open in Good Times and Bad (PDF - 1628 KB)
JBS International, U.S. Family and Youth Services Bureau, & National Clearinghouse on Families and Youth (2010)
Provides a toolkit outlining key steps nonprofit leaders can take to help their organization survive difficult economic times, highlighting a case study of the Boys and Girls Clubs of Greater Washington in Silver Spring, MD. The toolkit includes key principles for addressing economic challenges, fundraising strategies, and steps for developing a sustainability plan.
In Effectively Managing Human Service Organizations (3rd ed.)
Discusses the search process for locating foundation grants and lobbying for Federal, State, and local grants and contracts, and block grants.
State and local examples
Budget and Fiscal Management: Participant's Guide (PDF - 333 KB)
Georgia Department of Human Resources (2006)
In DFCS Training for New County Directors
Teaches new county directors their role in managing budgets and fiscal matters, including information on policies, purchasing, sources of funding, and best practices. Also see the Trainer's Guide (PDF - 977 KB).
Financial Management: Templates and Samples
Minnesota Council of Nonprofits
Presents sample materials and templates for nonprofits to use to address financial issues, including a unified chart of accounts, a financial procedures manual, a fiscal sponsor agreement, and an audit bid request letter.