Financial Information for Boards: Finding a Balance Between Too Little and Too Much

Financial Information for Boards: Finding a Balance Between Too Little and Too Much

By: A. Michael Gellman

How can you make sure your board of directors is effectively informed of your association's financial outlook without overwhelming them? One nonprofit finance expert shares his recommendations for how to craft financial statements that find the right "absorbability factor" for your board.

Providing financial information and reports to your association's board of directors is a well-known and expected best practice. How this is done varies widely and is often poorly performed with little thought to the platform used and the ultimate absorbability factor of the information provided....