Skip to content
UdemyFinance & AccountingPaid courseIntermediate levelCertificate

Nonprofit Financial Management (Udemy.com)

Strategies, Techniques, and Tips

Created by: Bolder Business

Last updated June 2023

icon
What you will learn

  • Create and define a nonprofit’s vision and mission statements
  • Understand different types of budgets and their pros and cons
  • Be able to create different types of budgets
  • Address organizational needs for a cash reserve
  • Establish internal controls to combat misuse
  • Be able to identify the different types of costs and their impact to a nonprofit budget
  • Recognize the most commonly used financial statements
  • Identify alternative revenues sources
  • Understand the meaning and use of liquidity ratios
  • Understand the meaning and use of solvency ratios
  • Understand the meaning and use of efficiency ratios
  • Understand the meaning and use of profitability ratios
  • Understand the meaning and use of diversification ratios
  • Analyze nonprofit financial statements
  • Learn nonprofit funding models that can diversify nonprofit incom
  • Build a stable income stream for a nonprofit

How it compares

Against the other 376 rated Udemy courses in Finance & Accounting on CourseDuck:

  • Rating4.1 out of 5higher than 7% of them
  • Reviews290#238 of 377 by number of reviews
  • Length4 hoursshorter than 56% of them
  • Last updatedJune 2023earlier than 73% of them

icon
Course Description

 This course is the product of years of working both in the nonprofit
and for-profit sectors. Doing so has equipped me with a good insight
of their differences and similarities. A key difference in managing
finances in the private sector versus the nonprofit sector is the
altruistic mission of a nonprofit. Many believe that the private
sector is purposed solely to attain a financial reward or profit
while the nonprofit objective is simply to “do good”. Although
some may question the accuracy of this statement none can deny that
both the nonprofit and the for-profit sectors require financial
resources in order to function. In reality, a nonprofit, not unlike
a for-profit organization, need to have a financial grasp. In fact,
doing so is integral to the sustainability and the continuation of
the nonprofit to provide a much needed public service.

This course seeks to equip nonprofit leaders, employees, volunteers,
funders, and anyone else with an interest in a nonprofit, with the
strategies and techniques that can minimize the obfuscation that can
arise in managing nonprofit finances. This course identifies best
practices in order for nonprofits to not only survive but strive in
an environment that has proven challenging for a great many
nonprofits—small to large.

The primary focus is on providing strategies and tips on analyzing
the finances of a nonprofit. This course discusses budgets, cash,
costs, financial statements, establishing internal controls, various
financial ratios used to evaluate nonprofit finances, and real world
practices on how to use them. Whether as a new nonprofit or one that
has been around for decades this course concisely provide a high
level view of the complexities of finance in an easy to understand
layout.

It is the hope and desire of the authors, staff, and board of Bolder
Business Consultants that this material proves beneficial for those
currently working at a nonprofit, funding a nonprofit, as well as for
those who aspire to fund or work at a nonprofit.

icon
Udemy Discount

The discount is applied through our link. Open the course from here and Udemy's current promotional price is applied at checkout on most courses, no code to type.

Some courses are excluded from Udemy's promotions. If the price does not drop, clear your browser cookies and use the button again.

icon
Instructor Details

Bolder Business

 I have been with Bolder Business Consultants for 7 years where I work
as a Management Consultant to leaders at nonprofits and public
organizations. I have more than 20 year experience working for large
Fortune 100 businesses. I provide financial and statistical guidance to leaders and their staff.

In addition, I have a Master in Public Administration, with a concentration in Financial Management. Further, in addition to significant work performed in the private sector I have more than 10 years experience working at nonprofits and public agencies in various capacities. 

Lastly I am currently pursuing a PhD in statistics.

icon
More Finance & Accounting courses

$10.99

Free

Free

$19.99

$19.99

$11.99

icon
Reviews

4.1

290 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Humphrey Ndekerere on 6/8/2025

The lecturer is very clear on her explanations. It is easy to understand her. The illustrations are very clear.

By Vatiswa Mangxola on 3/17/2025

I'm blown away by the experience! The course was incredibly well-structured, with engaging lessons. I appreciated how the course covered both theoretical foundations and practical applications, providing me with a comprehensive understanding. I highly recommend to anyone . It's an investment that's definitely worth making

By Marlizet Dempers on 8/26/2023

The presenters voice does not grab one's attention and keep you interested. Content is good but would like quizzes in between the modules or at least at the end of each module. Even some exercises to do maybe.

By Eileen Hofer on 12/14/2021

I am not a fiscal person so this was hard for me. Introduction slides were repetative. There was a funny click on the audit which was distracting. Having teh quiz after each section would have been helpful.

By Tom Mehan on 1/30/2021

A bit dry. My first lesson in presentations was to never just read from the cards - felt that was most of what happened and I could have done that without the audio. I do realize it's not exciting or glamorous material. Also, some items could use a bit more of the reason or ideas behind the concepts (more off the card material?). Finally, wish the quizzes had been interspersed between the sections.

By John Dichtl on 3/15/2020

Instructor is reading from slides. Would also benefit from an occasional real-world example or two. Slow and boring through first few sections. Gets better as it goes. Would really help if used an actual example of a nonprofit calculating cost analysis for specific programs.

By Fred Funeus on 7/23/2019

A good overview of Nonprofit organizations. Gives you a thorough understanding of a nonprofit financial management

By Denise M Katakis on 1/16/2019

It appears to be a good foundation for understanding nonprofit structure and how to achieve operational efficiency.

By Allison Lynn on 3/6/2018

Basic, fundamental information about non-profits. The audio quality is a little difficult to hear, and it is US-specific. Good links to some worldwide non-profit databases that my organization will consider listing with.

By Delorez Baez on 2/1/2017

The points discussed in Lectures 1 thru 3, provide additional information that was not discussed in my Graduate Course. For example, I learned that there are 10 main divisions and 26 subsectors in the Nonprofit industry. I also learned the four Nonprofit taxation categories and file names.

Showing all 10 reviews on CourseDuck

Read all 290 reviews on Udemy

icon
Quality Score

No CourseDuck member has rated this course yet. Taken it? Give each part a thumbs up or down.

Content Quality
/
Video Quality
/
Qualified Instructor
/
Course Pace
/
Course Depth & Coverage
/

Overall Score : 82 / 100