Russell Pomeranz

Friday, April 17	Monday, April 20
Workshop Code FP1 9am — noon Poughkeepsie Grand Hotel 40 Civic Center Plaza, Poughkeepsie, NY	Workshop Code FP3 9am — noon Cranwell Resort 55 Lee Road, Lenox, MA
CANCELLED Workshop Code FP2 2pm — 5pm Newburgh, NY	Workshop Code FP4 2pm — 5pm Wake Robin Inn 106 Sharon Road, Lakeville, CT

Cost per participant: $20

How do nonprofit organizations react to downturns in the marketplace in the short- and long-term?  This seminar will discuss the financial priorities and processes nonprofits put into place to respond to this possibly unprecedented time of uncertainty and change.  It will look at specific tools and analysis to answer the difficult questions necessary to make critical operational and strategic decisions.

These include:

• Boards’ fiduciary responsibility to request and expect financial information and management’s  response, including contingency plans
• Using annual and one-time budgeting processes to identify revenue gaps and designing a plan to close them
• Forecasting as a critical tool to analyze the extent of the problem and the impact of the solution
• Understanding your balance sheet and its role, and integrating cash flow into the discussion
• Measuring the impact of decisions on the organization’s ability to fulfill its mission
• Communicating the organizational response with stakeholders

Russell Pomeranz, MBA, is Manager of Financial Advisory Services at FMA. Russ provides consulting support to nonprofit executives in financial management areas such as budgeting and financial analysis.  His support enables leaders to improve their organizations’ financial health by understanding the true costs of their programs, enabling them to plan effectively for the resources necessary to carry out their missions.  Russ comes to FMA with over 20 years of nonprofit financial management experience, most recently as Chief Operating Officer / Chief Financial Officer and Treasurer of the Vera Institute for Justice.