Book Synopsis
The first and only guide of its kind to offer nonprofit executiveshelp with the vital task of cash flow management!
Murray Dropkin--an expert in the field of nonprofit accounting andauthor of The Budget-Building Book for Nonprofits--reveals how tocreate an effective plan for cash flow management. Thisunprecedented guide offers you nuts-and-bolts suggestions for usingthis plan to develop successful strategies for the day-to-day andlong-term financial planning of any nonprofit organization. Filledwith to-do lists, sample forms, worksheets, schedules, policies andprocedures, and checklists, The Cash Flow Management Book forNonprofits is a fundamental financial management toolkit fornonprofit managers and board members.
From the Back Cover
"The Cash Flow Management Book for Nonprofits is absolutely indispensable for every nonprofit organization, large or small."
--Peter F. Drucker
- Worksheets
- Checklists
- Sample Forms
- Sample Cash Flow Forecasts
- Sample Reports
- Cash Flow Improvement Plan
- Sample Grant Compliance Checklist
A Powerful Strategic Tool for Long-Term Financial Health
Cash flow management is key to the financial health and overall success of a nonprofit organization. But many nonprofits address cash flow issues only when there is a problem, missing the opportunity to use cash flow as the powerful strategic tool it has the potential to be.
In The Cash Flow Management Book for Nonprofits, financial management experts Murray Dropkin and Allyson Hayden present a powerful, strategic tool for the financial management of nonprofit organizations--no matter how large or small. The authors show nonprofit leaders how to create a proven plan for cash flow management and develop effective strategies for day-to-day and long-term financial planning. This nuts-and-bolts resource outlines the basics of cash flow management, explains the various revenue streams, and helps readers to identify their primary revenue sources and corresponding cash flow management strategies. In addition, this practical workbook is filled with to-do lists, sample forms, worksheets, schedules, policies and procedures, checklists, and more. Using the book's ideas and recommendations, any nonprofit can learn how to increase its income, improve its financial performance, and manage the resources that will help realize its mission.
Advance Praise for The Cash Flow Management Book for Nonprofits
"Murray Dropkin and Allyson Hayden have developed more than a practical how-to book on the critical issue of cash flow management. They provide comprehensive guidance for the financial expert and a context to enable the whole organization to develop a 'cash flow awareness.'"
--Frances Hesselbein, chairman of the board of governors, the Peter F. Drucker Foundation for Nonprofit Management
"Positive cash flow is the lifeblood of any organization, and Cash Flow Management is an essential guide to charting a course for success."
--Ron Werthman, vice president of finance, treasurer, and CFO, Johns Hopkins Health System
"The Cash Flow Management Book for Nonprofits takes the reader well beyond cash into the operational processes that generate it. The book reflects extraordinary insight into the real-life opportunities and pitfalls associated with managing nonprofit organizations."
--David H. Freed, president and CEO, Nyack Hospital, Nyack, New York
"This book provides every nonprofit, regardless of size or focus, with useful strategies for enhancing their bottom line through effective cash flow management."
--Carol Wolff, president, the National Area Health Education Center (AHEC) Organization
Review Quotes
"A Step by step guide for managers, consultants, and boards has been issued by Jossey-Bass (San Francisco)." (Accounting Technology, 2/1/02)"Murray Dropkin and Allyson Hayden have developed more than apractical how-to book on the critical issue of cash flowmanagement. They provide comprehensive guidance for the financialexpert and a context to enable the whole organization to develop a'cash flow awareness.'" --Frances Hesselbein, chairman of theboard of governors, the Peter F. Drucker Foundation for NonprofitManagement
"Positive cash flow is the life-blood of any organization, andThe Cash Flow Management Book for Nonprofits is an essentialguide to charting a course for success." --Ron Werthman, vicepresident, finance/treasurer and CFO, Johns Hopkins Health System, The Johns Hopkins Hospital
"The Cash Flow Management Book for Nonprofits takes thereader well beyond cash into the operational processes thatgenerate it. The book reflects extraordinary insight into thereal-life opportunities and pitfalls associated with managing innonprofit organizations." --David H. Freed, senior vicechancellor and chief operating officer, The City University of NewYork
"This book provides every nonprofit, regardless of size or focuswith useful strategies for enhancing their bottom line througheffective cash flow management." --Carol Wolff, president, theNational Area Health Education Center (AHEC) Organization
About the Author
The Authors
Murray Dropkin, CPA, M.B.A., is president of CMS Systems, Inc., a consulting firm that specializes in helping clients in the nonprofit and for-profit sectors improve their operational and financial activities. Dropkin is also managing partner of Dropkin & Company, Certified Public Accountants. He has experience in accounting, auditing, taxation, and management consulting for government, commercial, and nonprofit organizations. He is a coauthor of The Budget-Building Book for Nonprofits (1998, Jossey-Bass).
Allyson Hayden, M.S.W., C.S.W., is a senior consultant, editor, and writer for CMS Systems, Inc. She has fifteen years of experience writing for commercial and professional magazines, newsletters, and other publications in the areas of organizational development, health, medicine, fundraising, accounting, sociology, and psychology.
