Statement of Cash Flows

The statement of cash flows tells readers how the balance of cash on hand changed from the beginning to the end of a time period, typically a month, quarter, or fiscal year. Your organization’s cash flows are broken into 3 categories: Cash Flows from Operating...

Evaluating the Statement of Financial Position

Unlike the statement of activities and statement of cash flows, the statement of financial position shows a snapshot of your organization at a point in time, rather than over a period of time. Reviewing it will tell you about your organization’s liquidity – your...

Statement of Financial Position

The statement of financial position, also known as the balance sheet, shows your organization’s assets, liabilities, and net assets. Assets are anything you own and can use to run your programs, such as cash, accounts receivable, vehicles, equipment, and buildings....

Evaluating the Statement of Activities

What does a statement of activities tell you about a nonprofit? How should you use it to evaluate the organization’s performance? Unlike a for-profit, which focuses on making money, a nonprofit is focused on accomplishing a mission. Because of this, financial...