Event Date: 01.13.2021
As cultural organizations work to sustain their critical role in their communities through turbulent times, collecting and analyzing financial data is more important than ever to help you weather the storm and prepare for a successful future. We know that many arts leaders and board members take on their roles with great passion for their organizations’ missions, but limited knowledge of the basics of the financial management. This Building Blocks series attempts to fill in the gaps in your financial knowledge, one piece at a time.
Board members have fiduciary responsibilities for the organizations they serve, but what does this typical phrase really mean? What items should board members pay close attention to? This session will attempt to fill in knowledge gaps for current cultural organization board members, and those hoping to do board service in the future, especially thinking about cash flow planning, risk assessment, and on using the balance sheet and balance sheet metrics to determine financial health, areas to celebrate, and areas of concern.
Captioning is available upon request. If you have additional questions or access requests, please contact Michael Ibrahim.