Financial Responsibilities of a Non-Profit Board

April 12, 2022
04:00 PM to 07:00 PM

The number one job, and often the most puzzling and perplexing, of every board member is to understand financial statements and maintain the financial health of their organization. Board members must ensure that the organization is well-managed and that its financial situation remains sound.

This workshop will help you gain a better understanding of your financial responsibilities as a board member, mitigating the risk to both you and the organization, and ensuring the financial health of the organization. You will learn basic skills in financial management including understanding budgets, interpreting financial statements and writing financial policies.

Topics Covered Include:

  • Key roles and responsibilities regarding financial management
  • Understanding and analyzing financial statements
  • Basic financial terminology
  • How to read a budget, monthly income reports, and the balance sheet

Who should attend?

This workshop is recommended for board members of a non-profit organization who would like to develop a better understanding of their financial responsibilities

Facilitator:

Kevin Freedman is a national leader in the areas of governance and non-profit leadership and owns the boutique consulting firm The Governance Guru. After spending much of his early career in leadership and executive roles in the non-profit sector, he joined the Faculty of Business and Economics at the University of Winnipeg, where he teaches courses on non-profit management, corporate governance, ethics, and organizational behavior. He has substantial governance experience in public, non-profit, and private organizations dating back more than 15 years and has more than 45 years of cumulative board experience. He is a former trustee with the Winnipeg School Division, former vice-chair and Chair of the Audit and Risk Committee and Director at Assiniboine Credit Union, and has sat on the boards of numerous local and National organizations.

Kevin is an award winning volunteer and leader, having been recognized with a Governor General's Medal for service, the YMCA Canada Peace Medal, a Mayor's service award. Kevin holds a master's degree in non-profit management from the Walden School of Public Administration, is an Accredited Canadian Credit Union Director, and is a member of the Institute of Corporate Directors, the Certified Management Consultants of Canada, and the International Association for Volunteer Effort.

Technical Requirements:

To participate, you will need a computer/mobile device with internet connection, speakers and microphone. A webcam is preferred but optional.

Location:

Volunteer Manitoba's Virtual Classroom

Cost:

$95.00

Facilitator:

Kevin Freedman

Web registration


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