Nonprofit CFOs need to have a framework for financial management that facilitates their standing as “proficient financial managers”. More than ever, in today’s funding environment, there is a need for and expectation of managers to prudently invest and manage available funds. Accountability and scrutiny are stepped up in the current Sarbanes-Oxley environment, and nonprofits are expected to be better risk managers and to have strong internal control systems. Financial fraud is becoming a key topic, and this book will give balanced and up-to-date guidelines for financial managers and board members.
Book Details:
- Author: John Zietlow
- ISBN: 9780470144954
- Year Published: 2007
- Pages: 544
- BISAC: BUS074000, BUSINESS & ECONOMICS/Nonprofit Organizations & Charities
About the Book and Topic:
Nonprofit CFOs need to have a framework for financial management that facilitates their standing as “proficient financial managers”. More than ever, in today’s funding environment, there is a need for and expectation of managers to prudently invest and manage available funds. Accountability and scrutiny are stepped up in the current Sarbanes-Oxley environment, and nonprofits are expected to be better risk managers and to have strong internal control systems. Financial fraud is becoming a key topic, and this book will give balanced and up-to-date guidelines for financial managers and board members.
Cash and Investment Management for Nonprofit Organizations helps managers from diverse backgrounds learn to effectively manage their organization’s money. It includes detailed explanation of investing in a low-interest-rate environment as well as information on what is and is not appropriate with case law amplifications to the Uniform Management of Institutional Funds Act and the Uniform Prudent Investor Act. It highlights actual nonprofit investment policies and practices, information on risk-return profile of alternative investments (e.g., REITs, hedge funds, distressed and emerging market debt, etc.) and advanced performance evaluation metrics including the new AFP short-term and intermediate-term custom benchmarks. Further, it offers “how-to’s” of reserving back-up liquidity via quasi-endowment funds (board-designated funds), how much to hold in reserves, and what gives rise to these reserve needs. These topics and many more essential areas are reviewed, and workable solutions for nonprofits of every size are provided.
AUTHOR PLATFORM: John Zietlow is a respected financial professional who is active on the presentation and lecture circuit, focusing on financial issues as they relate to nonprofit organizations. CASE STUDIES: Extensive use of real-world case studies to help explain financial concepts described in this book. POLICIES AND PRACTICES: Offers dozens of sample policies that can be implemented by any nonprofit to help them practice sound financial management. ANCILLARY MATERIALS: Includes tables to summarize “dense” information, as well as checklists.
About the Author
John Zietlow (Canton OH) is a professor of finance at malone College in Canton OH teaching corporate finance, investments, short-term financial management, personal finance, and macroeconomics. He has conducted cash management training for corporate and bank audiences for eight years for the Association for Financial Professionals (AFP). He has coauthored Short-Term Financial Management, 3rd edition, 2005 (South-Western/Thomson Learning). Zietlow also recently wrote a chapter on “Investment Strategies” for a forthcoming book on nonprofit strategies (to be published by The Foundation Center), as well as a seminar course manual and dozens of articles and academic presentations on financial topics. JoAnn Hankin (Incline Village NV) is a nationally recognized consultant in the field of fundraising and financial/administrative management for nonprofits.. Alan G. Seidner (Arroyo Grande CA) is president of Alan Seidner & Company, an investment and management consulting firm. They are both coauthors (along with Zietlow) of Financial Management for Nonprofit Organizations (Wiley).