Start Date: 9/28/2023 9:00 AM MDT
End Date: 9/28/2023 10:30 AM MDT
Loans to nonprofits can strengthen bonds with the community, promote community development, and provide positive exposure to individuals involved with the nonprofit. Nonprofit lending, however, does not come without risks. This presentation will highlight the risks and provide insight into repayment ability through cash flow, liquidity, and leverage. You’ll learn the differences between nonprofit accounting (fund accounting) and standard bookkeeping and explore the Form 990, Return of Organization Exempt from Income Tax.
The discussion will also include topics such as the nonprofit objective (program), leadership, membership, funding sources, use of funding, and other variables specific to different nonprofit organizations. The instructor’s experience as a founding member of a chamber of commerce serving a small community in Michigan, as well as his role in the financial turnaround of an educational foundation, give him a unique perspective on risks associated with nonprofit lending.