Help for the Nonprofit CFO

Mary Diegert

Welcome! I’m a recently retired CFO with 25 years of experience in the nonprofit human services field. I have a master’s degree in accounting and an inactive CPA license. My most recent experience is fifteen years with a $20 million Catholic Charities agency in upstate New York. I’m also treasurer for a local community orchestra in which I play viola and my husband plays violin (and yes, we do make beautiful music together!)

My goal for this site is to share the lessons I’ve learned from my years of on-the-job experience as a nonprofit financial manager. I hope that as you explore the articles and posts you find here you’ll find practical advice that you can use as well as the voice of a sympathetic compatriot who understands where you’re coming from.

Please feel free to be in touch. I would love to hear from you! Contact me here.

ROLE OF THE NONPROFIT CFO IN EXECUTIVE MANAGEMENT

Essay 1 – The CFO-ED Relationship

Essay 2 – The Watchdog Responsibility

Essay 3 – Program Managers Part 1

Essay 4 – Program Managers Part 2

FINANCIAL REPORTING

Essay 5 – Financial Reporting for the Board of Directors

Essay 6 – The Income Statement

Essay 7 – Budget Variance Analysis

Essay 8 – Forecasting

Essay 9 – Accounts Receivable and Accounts Payable

Essay 10 – The Balance Sheet – Part 1 – Assets and Liabilities

Essay 11 – The Balance Sheet – Part 2 – Net Assets

Essay 12 – Reserves

REVENUE RECOGNITION – CONTRIBUTIONS AND GRANTS

Essay 13 – Part 1 – The Rules

Essay 14 – Part 2 – Financial Statements and Year One Journal Entries

Essay 15 – Part 3 – Using Restricted Revenue in Year Two and Later

GRANTS MANAGEMENT

Essay 16 – Part 1 – The CFO’s Role in the Grants Game

Essay 17 – Part 2 – The Grant Proposal Budget – Overview

Essay 18 – Part 3 – The Proposal Budget – Calculation Methods

Essay 19 – Part 4 – Administering the Grant Contract

COST ALLOCATIONS

Essay 20 – Part 1 – Allocating Costs in the General Ledger

Essay 21 – Part 2 – Management and General

BUDGETING

Essay 22 – Part 1 – Overview

Essay 23 – Part 2 – Working with Budget Templates and Worksheets

Essay 24 – Part 3 – The Role of the CFO

Essay 25 – Part 4 – The Operating Plan Presentation and Other Budget Topics