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Ever wonder what a nonprofit organization’s financial statements are really telling you? Then don't miss this video that makes nonprofit financial reporting clear and approachable. Watch and explore essential financial statements – such as the Statement of Financial Position, Statement of Activities, Statement of Functional Expenses, and Statement of Cash Flows – and learn how to translate the numbers into meaningful insights. Also learn how to interpret audit reports, identify areas of financial risk, and apply proven best practices for reviewing organizational statements. Whether you’re a nonprofit board member, executive, or finance professional, you’ll be equipped with the tools to make informed financial decisions and strengthen your organization’s fiscal stability. Key Takeaways • Gain confidence reading and interpreting nonprofit financial statements • Learn how to spot key risks and understand audit reports • Discover best practices to strengthen financial oversight and decision-making 0:00 Understanding Nonprofit Financial Statements 5:20 The Auditor's Report 8:40 Statement of Financial Position 14:40 Statement of Activities 17:13 Statement of Functional Expenses 22:39 Statement of Cash Flows 26:05 Notes to the Financial Statements 38:29 Key Areas of Audit Risk 47:44 Best Practices in Reviewing Statements