Analyzing Financial Statements and Ensuring Strategic Plan Alignment

This in-depth exploration of financial statement analysis for independent schools will highlight  key concepts and provide tools for interpreting financial statements in a nonprofit educational context.  Learn how to evaluate the financial health and performance of independent schools, including  utilizing key financial ratios, better budgeting practices and accounting for the impact of donor restrictions on financial reporting.   With these skills, participants will be able to allocate resources more efficiently, prioritize investments, manage risks and optimize overall operations. These practical strategies for building a strong financial foundation are applicable to all schools, and especially pertinent to small schools.

Learning Objectives:

• Understand the fundamentals of the balance sheet and how its position can impact profit and loss budgeting priorities.
• Understand key balance sheet ratios and how they reflect financial stability.
• Gain awareness of cashflow trends to inform future planning.

Pricing

Members: Free
Nonmembers: $125.00

Credit Information

Presenter

Karen Wolff

CFO/Business Manager

Rivendell School

Karen Wolff is a seasoned accounting professional with over 23 years of experience specializing in small business and not-for-profit accounting. As the current CFO at Rivendell School of Northern Colorado, Wolff possesses a strong foundation in full accrual bookkeeping, cash flow management, budget analysis and forecasting. Her expertise lies in improving financial performance and aligning it with client goals. Throughout her career, Wolff has demonstrated proficiency in financial reporting, financial analysis, budgeting, not-for-profit accounting, cash management, payroll processing and reporting, sales tax reporting, coordinating internal and external reporting, and advising on commercial banking proposals and underwriting.  When Wolff is taking time off from the work that she loves, she enjoys long walks, Pilates, training her dog and spending time with family and friends.