Only ten minutes into my call with the board’s treasurer and we had already brought up six different financial reports we could prepare and present at the next board meeting.  Each presented the organization’s achievements and shortfalls from a different perspective, and all presented information important for the board’s awareness and discussion.  But honestly, six…

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For obvious reasons, executives and board members of non-profit organizations prefer to see that revenues exceed expenses.  This difference would normally be described as net income, but for non-profits, it’s referred to as the change in net assets.  Since non-profit organizations have a special type of revenue recognition, this bottom line on the financials can…

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