1. Financial Oversight by Nonprofit Boards The Experienced, the New, and the Absent ©2009 Robert Seestadt/CFOShare LLC cfoshare.com 248.714.9400

2. Board Oversight The experienced, the new, and the absent ©2009 Robert Seestadt/CFOShare LLC Board Engagement: Communicating Financial Matters

3. Source: Nonprofit Finance Fund March 2009 survey of 47 MI nonprofit leaders; used with permission Plans and actions to weather the recession

4. Which of the following types of technical assistance would be helpful now to your organization? Source: Nonprofit Finance Fund March 2009 survey of 47 nonprofit leaders; used with permission

5. Board Oversight The experienced, the new, and the absent ©2009 Robert Seestadt/CFOShare LLC Tools for Financial Communication: Portraying the Key Message

9. ©2009 Robert P Seestadt/CFOShare LLC OnBOARD SM Nonprofit Assessment : Self Assessment: Capital Position Factors 0-3 4-6 7-10 Cash reserves and investments Serious concerns over short-term Sufficient for short-term Sufficient or better in short/mid term Receivables & other liquid assets Insignificant Moderate Significant Payables and debts Aging is excessive and/or upcoming debt svc issues Some vendor delays but reasonable aging Current and manageable Financing & access to outside capital Nominal access to line of credit or other financing Some financing available such as line of credit Significant financing available if needed OVERALL ASSESSMENT (0-10): Little/no liquidity for operating needs Sufficient liquidity for short term operating needs Sufficient capital for current and mid-term operating & investment needs

10. ©2009 Robert P Seestadt/CFOShare LLC OnBOARD SM Nonprofit Assessment : Self Assessment: Forward Momentum Factors 0-3 4-6 7-10 Management track record in generating surplus Mostly deficits over past 3-5 years Balance of surplus and deficits Mostly surpluses over past 3-5 years Short-term financial projections Anticipate losses in short-term Likely near or at break-even Projected operating surplus Backlog & pending awards Insignificant Moderate Significant Budget adaptability Difficult to adjust expense structure in short-term Some ability to manage costs to fit budgetary need Able to materially adjust budget to fit resources Recent trends & economic environment Very challenging and concerning Some hurdles, but with planning can overcome Positive economic environment OVERALL ASSESSMENT (0-10): Short/mid-term outlook negative/ challenges significant Outlook neutral opportunities & challenges are balanced Outlook favorable for short and mid-term

11. ©2009 Robert P Seestadt/CFOShare LLC OnBOARD SM Nonprofit Assessment : Example A

12. ©2009 Robert P Seestadt/CFOShare LLC OnBOARD SM Nonprofit Assessment : Example B

13. ©2009 Robert P Seestadt/CFOShare LLC OnBOARD SM Nonprofit Assessment : Example C

14. ©2009 Robert P Seestadt/CFOShare LLC OnBOARD SM Nonprofit Assessment : Example D

15. ©2009 Robert P Seestadt/CFOShare LLC OnBOARD SM Nonprofit Assessment : Example E

16. ©2009 Robert P Seestadt/CFOShare LLC OnBOARD SM Nonprofit Assessment : Example F

17. ©2009 Robert P Seestadt/CFOShare LLC OnBOARD SM Nonprofit Assessment : Example G

18. Board Oversight The experienced, the new, and the absent ©2009 Robert Seestadt/CFOShare LLC For the “New”

20. Board Oversight The new, the experienced and the absent ©2009 Robert Seestadt/CFOShare LLC For the “Experienced”: Taking it to the Next Level

22. Board Oversight The experienced, the new, and the absent ©2009 Robert Seestadt/CFOShare LLC For the “Absent”:

24. Board Oversight The experienced, the new, and the absent ©2009 Robert Seestadt/CFOShare LLC For You Facilitating Change in Board Oversight

25. Board Oversight The experienced, the new, and the absent ©2009 Robert Seestadt/CFOShare LLC Additional Resources: Tools and Tips