Financial Modeling for Nonprofit Organizations

3 credits · Graduate

Financial modeling is a process by which organizations test key revenue, expense and programmatic assumptions and examine the likely outcomes of a projected course of action. Financial modeling offers nonprofit leaders and social entrepreneurs a way of clarifying the financial implications of various options and facilitates critical, intentional, and informed decision making. Real-world case studies will be used to train students in the highly-iterative process of financial model development. Students will learn how to identify key variables, articulate underlying assumptions, construct staffing models, develop and analyze multi-case funding scenarios, and identify key questions critical to organizational decision making.