Finance Arts Guide to Nonprofit Cash Flow

A user-friendly guide to nonprofit finance for board members, administrators, grant-makers and students. Using his experience as both a nonprofit administrator and a personal financial planner, author David Gray reviews familiar personal finance topics and explains how they relate to their nonprofit organizational counterparts. Including real-world examples from his own experience, and that of his wife, former New York City Ballet Principal Dancer Kyra Nichols, Gray provides insights that can change the way you understand and approach your organization's finances - and perhaps your own. The result is an informative and entertaining guide to how money flows in nonprofit organizations, and how that money can be managed to improve sustainability. Gray also introduces a new method for determining the appropriate cash reserve for nonprofit organizations, based not on outdated rules-of-thumb, but targeted to the specific operational model of the individual organization.