Nonprofit Financial Management: An Overview

This comprehensive course provides a deep dive into the essential aspects of financial management for nonprofit organizations. Effective financial management is critical to the success and sustainability of any nonprofit, ensuring that resources are utilized efficiently to achieve the organization’s mission.

The day will begin with an overview of nonprofit financial management, exploring the unique financial landscape of nonprofits, including the challenges of managing diverse revenue streams, maintaining financial transparency, and meeting regulatory requirements.

Then, we will move to the process of setting up robust financial systems tailored to the needs of your organization, covering everything from selecting accounting software to establishing internal controls and financial policies. The annual operating cycle will help manage an organization’s financial planning and reporting processes that occur throughout the year such as creating and monitoring budgets, cash flow management, preparing financial statements, and conducting audits.

We will also discuss best practices for working with boards and financial committees to ensure strong governance and oversight.

Nonprofit Austin reserves the right to postpone this opportunity if there is not adequate registration.

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Our day will be facilitated by Holly Raymond. Read more about our facilitator below:

The success of Upbring’s mission depends largely on two key components: finances and operations. Holly Raymond understands not just the importance of efficient operations and sound finances, but how to maximize both. 

As the Chief Financial Officer of Upbring, Holly directs finance, facilities, budget and procurement functions as well as information technology and human resource administration for the organization. 

Since joining Upbring in 2017, Holly has implemented structural modifications, strengthening financial operations that has resulted in a 25% overall organizational growth. In her prior role, as Senior Vice President of Finance, she deepened the finance and facilities resource capabilities by strategic staffing additions. 

Her success at Upbring is a testament to her outstanding leadership, determination and servant-hearted commitment to breaking the cycle of child abuse.

Before joining Upbring, Holly served as Chief Financial Officer of Common Threads from 2015 to 2017, where she directed operations and strategy for finance and accounting, human resources, operations, and IT. Prior, she served as Vice President of Finance and operations for Big Brothers Big Sisters of Central Texas, Inc. She has also worked for two accounting firms — Maxwell Locke & Ritter and Ernst & Young.

Holly is a first-generation college graduate, earning a Bachelor of Business Administration and a Master of Professional Accounting from The University of Texas at Austin. She has served as a Trustee on the Hays CISD School Board, the Treasurer for Central Texas Girl Scouts Troop #2283, a basketball coach for the Kyle Youth Basketball League, PTA Member for her children’s schools and a volunteer at Gethsemane Lutheran Church. Holly and her family live in Kyle, Texas, where they enjoy attending concerts.