A nonprofit organization’s financial statements and disclosures provide a wealth of information and can tell a story, but sometimes you have to do a little digging to unravel the tale. We will get comfortable with the numbers found in the statements, and find deeper understanding by learning to skillfully apply key ratios and interpret the notes. In this interactive workshop we will review a set of financial statements and disclosures and discuss how to find meaning in the numbers. The format is welcoming of grantmakers at all levels of experience with due diligence.
Gain confidence in assessing a nonprofit organization’s financial and organizational strength. With expert guidance from workshop leaders and your peers, explore and demystify the:
- Auditors’ report
- Statement of financial position and statement of activities
- Statement of cash flows
- Key ratios
- Presentation of nonprofit financial statements
Pamela Labonte Maksy, Chief Operating Officer, GMA Foundations
Pamela joined GMA Foundations in 1998 and became a principal partner in June 2000. Her work with GMA clients includes payout analysis and forecasting. Pamela specializes in helping GMA’s clients achieve their philanthropic goals by working with them to plan and manage their annual distributions for maximum impact. Pamela is a cum laude graduate of College of the Holy Cross, where she was inducted as a member of Phi Beta Kappa.
Alfonso A. Perillo, CPA, CFE, MSW, Director of Financial Services, GMA Foundations
As Director of Financial services at GMA Foundations, Alfonso Perillo leads the firm's client-centered approach to delivering essential services to foundations and grant-making charities, from accounting to payout planning and advising CFOs. He was most recently a Partner at Edelstein and Company and practice leader of the firm's Nonprofit Team. Alfonso has specialized in taxation and assurance services for nonprofits and foundations for 20 years. As a former practicing social worker, Alfonso brings a unique perspective to the services he provides his clients.
Lunch will be provided