Nonprofit Essentials: Nonprofit Budgeting: Understanding the Basics
Training session focused on understanding the basics of nonprofit budgeting, from the building blocks that make up a budget to the amount of detail that may be necessary. We will
Training session focused on understanding the basics of nonprofit budgeting, from the building blocks that make up a budget to the amount of detail that may be necessary. We will cover various revenue streams and expense categories that could be considered for different types of nonprofits. Discussion will include some key performance indicators to check in on your financial health throughout the year and a high-level introduction of 990 reporting.
- Why we budget
- What makes up a budget
- Things to consider
- Balanced budget vs Net Income
- KPIs for reporting
- Other financial considerations
Connie Taylor, VP of Finance
Connie joined Open Door Health Services in March 2017 as Controller. She was promoted to Director of Finance and Billing in January 2019 and most recently promoted to VP of Finance in July 2022. Connie has over 20 years’ experience working with non-profit entities in healthcare. Connie’s responsibilities include general financial planning, accountability of the corporation’s assets, and oversight of staff involved in accounting (accounts receivable, accounts payable, and cash management), grants management, reimbursement, budgeting, business analytics, and patient accounting. She currently serves on two boards, NAMI (National Alliance Mental Illness) and MOM’s (motivate our minds).
Logan Hood, Director of Finance
Logan Hood, new to Open Door Health Services, started as Director of Finance in September 2022. Prior to Open Door, Logan served as an accountant, then Revenue Cycle Manager, at the Youth Opportunity Center, devoting a significant amount of time improving processes and maximizing revenue. Additionally, Logan spent several terms teaching and leading accounting students at International Business College in Indianapolis. She graduated from Ball State University with a Master’s degree in Accounting.
(Thursday) 9:00 am - 11:30 am