Nonprofit Financial Oversight for Board Members

Led by Jerry Musheno and Matthew Hagerty

Strong nonprofit organizations rely on board members who understand not only the mission but also the financial responsibilities that help protect and sustain it. This practical workshop is designed for nonprofit board members, executive directors, finance committee members, and emerging board leaders who want to strengthen their confidence in financial oversight and fiduciary governance. Drawing on real-world nonprofit examples, participants will learn how to interpret key financial reports, recognize warning signs of financial distress, understand their legal and ethical responsibilities, and ask the right questions to support informed decision-making.

The session will explore the board’s role in budgeting, cash-flow oversight, audits, internal controls, risk management, fundraising accountability, and the protection of donor intent. Participants will leave with a clearer understanding of the three fiduciary duties—care, loyalty, and obedience—and practical tools to help ensure their organization remains financially healthy, compliant, and mission-focused.

Participants will:

• Understand the board’s fiduciary responsibilities, including the duties of care, loyalty, and obedience.
• Read and interpret key nonprofit financial statements and reports.
• Identify common financial, governance, and compliance risks facing nonprofits.
• Recognize financial warning signs and know when to ask deeper questions.
• Understand the board’s role in budgeting, audits, internal controls, and cash flow oversight.
• Ensure donor restrictions, grant requirements, and regulatory obligations are being met.
• Apply best practices for financial stewardship that support long-term organizational sustainability.

Who Should Attend?

• Current nonprofit board members
• Board officers and finance committee members
• Executive directors and CEOs
• Emerging board leaders and prospective board members
• Anyone seeking a stronger understanding of nonprofit financial governance and accountability