We are all faced with the challenge of responding to “hyper change”. This session will provide fiscal and financial strategies and guidance for nonprofit leaders and their organizations during this time of uncertainty. When and how should you protect your organization’s assets? How best to position financial resource utilization during a hyper change period until “true” recovery begins.
This session will explore a framework for a thoughtful approach that favors using a financial bias of protecting the financial position of a nonprofit organization when considering key management decisions that must be made during a period of hyper-change. We will discuss how to evaluate organizational financial health and the implications of the economic downward pressure on funding and the increased use of operating reserves and the changing demand for services and programs all of which could lead to rapidly growing deficits.
Join A. Michael Gellman, CPA, CGMA, Founding Principal/Shareholder at Fiscal Strategies 4 Nonprofits, LLC (FS4N) and Sustainability Education 4 Nonprofits (SE4N) who will be leading this session!
About our presenter:
Michael Gellman, CPA, CGMA, is an independent Fiscal and Financial Strategist for Nonprofit Organizations and a founding principal partner for Fiscal Strategies “4” Nonprofits, LLC where the primary focus is helping legacy organizations and new organizations build and achieve a sustainable and financially healthy future. Mr. Gellman was a former 20-year Shareholder for Rubino & Company, Chartered, CPA’s and Consultants. Mr. Gellman has more than 35 years’ experience in nonprofit fiscal, financial and accounting systems working as a chief financial, fiscal and management consultant where he has focused on specialized management and advisory services for trade and professional associations, public charities and endowment based foundations. Mr. Gellman has also developed comprehensive budget and projection-based systems in support of senior management and organizational leadership.
Mr. Gellman has been designing, installing, interpreting and teaching budget and projection based systems and financial management systems for over 30 years. He has conducted numerous seminars and has written articles on budgeting, reserve and investment policies, financial management, fiscal sustainability, leading economic indicators for nonprofits, and the impact on governance and transparency and accountability. Organizations and Institutions Mr. Gellman has spoken before include; American Institute of Certified Public Accountants (AICPA), Greater Washington Society of CPA’s (GWSCPA’s), Institute of Management Accountants (IMA), American Society of Association Executives (ASAE), Center for Nonprofit Advancement (CNA) and numerous nationally recognized nonprofit organizations. Mr. Gellman teaches courses and has made presentations for Georgetown University, George Washington University, Virginia Tech, State of Maryland Nonprofit Financial Management and Fund-raising Workshops, Mayor’s Office District of Columbia, U.S. Chamber of Commerce Institute for Organization Management (IOM), Washington Regional Association of Grantmakers, Center for Nonprofit Innovation, Volunteers of America, National Urban League, United States Conference on Aids and many other nonprofit organizations.
Mr. Gellman has served as Chair of Greater Washington Society of CPA’s Not-For-Profit Committee and Chair of the Annual Not-For-Profit Organizations Symposium, and is a Past President of the Greater Washington Society of CPA’s. He has also served on the Finance & Administration Section Council of the American Society of Association Executives and is serving on various nonprofit boards including B’nai B’rith International as the current Treasurer and the Greater Washington Society of CPA’s as President Emeritus.