Nonprofit Montgomery’s Financial Management Program for Nonprofits (FIRM)

Nonprofit Montgomery’s FIRM (Financial Reporting and Management Institute) is an innovative program in collaboration with the County to help nonprofits with financial leadership and sustainability. All nonprofits can benefit from this deep dive into understanding and strengthening your financial model and its impact on your program and organization.

FIRM provides tools, models, and frameworks that strengthen your ability to identify, manage, and assess the assets you put to work to achieve organizational outcomes. As organizational leaders continue to navigate dynamic changes and pressures to adapt how their organizations operate understanding the role of financial leadership and strong fiduciary capacity becomes more critical to both short-term success and longer-term sustainability.

FIRM provides tools, models, and frameworks that strengthen your ability to identify, manage, and assess the assets you put to work to achieve organizational outcomes. You may register up to 4 people. Intended for:

  1. Executive Director
  2. Board Member
  3. Program Staff
  4. Finance Staff

Fall Dates:

2-Day FIRM Organizational Team Training: Wednesday, October 23 and Thursday, October, 2024 from 9:00 am to 4:00 pm. Location: Location: TBD.  Register Here

The fee for Nonprofit Montgomery members is $50(covers up to 4 people). The fee for non-members is $550 per organization.

FIRM COURSE LOGIN

What is Financial Reporting and Management Institute (FIRM)?

The FIRM Leadership Institute is offered to leaders of nonprofits serving residents of Montgomery County.

FIRM provides various workshops focused on strengthening the partnership between staff and board in managing nonprofit organizations for financial sustainability. FIRM also includes follow up sessions, as well as support, and access to resources and special presentations.

FIRM is a unique approach to building financial leadership capacity within nonprofits. FIRM’s curriculum provides a strategic framework and practical tools to help leadership teams develop and implement effective financial leadership.

FIRM strengthens nonprofits by helping:

  • Improve staff/board fiscal leadership – working together as a leadership team to insure healthy finances.
  • Learn about opportunities for County funding and how to “do business” with the County.
  • Create a specific workplan to for better financial administration procedures.
  • Develop and use budgets that reflect vision, mission and strategy.
  • Use financial statements and reports as strategic management and assessment tools.

The program engages teams from each organization in active learning, exploring the context, infrastructure, communication, and assessment needed to leverage financial management for greater organizational and community benefit. FIRM is presented by expert nonprofit financial educators and practitioners and is a public-private partnership with Montgomery County government.