Center Events

Fiscal Strategy: Advancing Your Organization

This two-part series was originally scheduled with part one taking place on January 8, and part two taking place on January 29. The series has been rescheduled with part one taking place on January 29, and part two taking place on February 12.

The need to meet complex missions with scarce resources makes it imperative for nonprofits to examine their finances and financial processes – from the fundamentals of their business models, to financial health and diversity of funding, to ongoing fiscal management and coordination with daily operations and programs. Ideally, the financial infrastructure of an organization must support its passion to accomplish its work, not vice versa.

Attendees will walk through assessing their organizations’ financial standing and health as a launchpad to connect and inform both strategy and operations.

Part 1: Understanding Your Current Financial Standing – January 29, 9:00am to Noon

  • Assessing your mix of activities and ability to accomplish your mission in a sustainable way
  • Determining the true costs of running your programs and operations, including “hidden” costs
  • Reflecting your organizational strategy in your fiscal strategy
  • Assessing the diversity and dependability of your funding

Part 2: Ongoing Best Practices – February 12, 9:00am to Noon

  • Practical strategies for budgeting and tracking finances
  • Meaningfully connecting finances to your organization’s day-to-day operations
  • Managing cash flow in an increasingly complex environment
  • Using the results to plan for the future – both immediate and long-term

Your registration includes both dates in this series.

Presented by Andrew Watt & Carol Walker Aten of Common Good Ventures

Andrew H. Watt, President
Drew's work with the nonprofit sector in Maine focuses on rigorous business planning, information management and improving organizations’ financial and operational efficiency.  As President, Drew also works with the Board of Directors to set CGV’s strategy and oversee the operations of the CGV team.  He is actively involved in CGV’s implementing our long term foundation partnerships and represents CGV in the statewide Nonprofit Effectiveness Collaboration.  Drew brings extensive prior experience in management and information systems consulting to his work at CGV, having spent 15 years directing large, complex projects to improve the efficiency and effectiveness of state-level human services  systems across the country.  He started his career in The Gambia, West Africa in agricultural research and has an MBA from the University of Chicago and a BA in economics from the University of Michigan.  Drew participates annually as a judge in the Harvard Business School Business Plan contest and is a member of the Maine Technology Institute Information Technology Board.

 

Carol Walker Aten, Senior Consultant
Carol Walker Aten is a Senior Consultant at Common Good Ventures.  As a non-profit executive, community and board leader, Carol has had over twenty years of practical and strategic experience.  Carol leads capacity building work with CGV’s clients utilizing organizational development, strategic planning, facilitation and leadership coaching skills.  Her professional experience includes non-profit management, family foundation trustee, a community bank corporator, local and statewide volunteer involvement with chamber of commerce, non-profit boards, service clubs and municipal budget committees.  Carol is a graduate of Leadership New Hampshire, Leadership Seacoast and is in the current Phi Class, Leadership Maine.  She served on the board of Leadership Seacoast for four years, most recently as board chair.  Carol received her MA from Boston University and a BFA from the University of Michigan.

Support for this event has been generously provided by:

Date/Time: Wednesday, January 29, 2014 - 9:00am to 12:00 pm
Location: Community Campus - Map
(Click on the location icon on the map for street address and to get directions from your location)
Fees: Member - $100 Not yet member - $200

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