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Nonprofit Financial Literacy Certification

Derik Timmerman Derik Timmerman

Financial Literacy Certification for Nonprofit Leaders and Managers

Nonprofit leaders are often expected to manage finances without formal training. This certification provides a clear, practical foundation in nonprofit financial literacy so leaders can understand their roles, speak the language of finance, and make informed decisions. Across five sessions, you will learn nonprofit financial roles and fiduciary duty, essential accounting and reporting terms, how to use financial information to guide behavior, how to build and manage a budget, and how to connect financial literacy to long-term mission success. No accounting degree required.

 

  • Nonprofit Financial Literacy Certification
1 1
On-Demand
Certification
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$450.00 USD
$450.00 USD
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5 | 60 Minute Sessions

INFORMATION

Training Overview

Nonprofit Financial Literacy Certification

Session 1: Leadership Roles, Responsibilities, and Oversight

  • Fiduciary duty
  • Role, preparation, and oversight of a budget
  • Roles of your board and executives
  • Role of finance professionals
  • Relationship between organizational priorities and financial oversight

Session 2: Accounting Terms, Processes, and Financial Reporting

  • Types of financial statements
  • Who prepares what
  • Key questions you and your finance professionals should answer

Session 3: Utilizing Dashboards

  • Key performance indicators (KPIs)
  • Visual display and publishing of KPIs
  • Structure and frequency of performance dialogues with staff and board

Session 4: Operational Planning and Budgeting

  • Ten steps to creating a budget
  • Walkthrough of an actual budget template
  • How to avoid the “tweak last year” trap
  • How to handle mid-year financial surprises

Session 5: A Culture of Stewardship

  • Reviews and audits
  • How to create a culture of transparency, stewardship, and accountability
  • Questions every board should ask its executive director
Recommended Audience

Who Should Attend?

  • Nonprofit chief executives
  • Executive directors
  • Financial officers
  • Board members
  • Development staff
  • Program directors
  • Consultants
  • Legal counsel
  • Senior management
  • Marketing staff
  • Financial staff
  • Budget managers
  • Grant managers
What's included

Training includes

  • | Nonprofit Financial Literacy Certification
  • | All resources and training materials
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Derik Timmerman
About

Expert Presenter

Derik Timmerman
  • Founder of Sparrow Nonprofit Solutions
  • Former management consultant at McKinsey & Company
  • Served as a US Army Intelligence Officer with two combat deployments
  • Successfully raised over $3 million in funds
  • Board member at numerous nonprofits
  • Served as an Executive Pastor
  • Certified Fundraising Executive (CFRE)
  • Derik graduated in the top 10% of his West Point class
  • Masters in Divinity from Liberty University
  • In the dissertation phase of a PhD in Philosophy of Religion from Southeastern Baptist Theological Seminary
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