Fundraising
Keeping it Afloat & Moving Forward
Financial Management
Is Challenging…
Multiple stakeholders
Confusion about which financial objectives to pursue
Limited staff
Staff come & go
Tight funding
Limited technological support
…Opportunities That Add Value
Expand burial services
Buy green products
Expand facility hours for workshops
Hire much-needed staff
Purchase new technology
Purchase new programs
Maintenance
Strong Financial Management & Fundraising Is The Glue That Enables Funeral Homes To Realize Their Missions
Remember
You must always have a business mindset
Partner with a nonprofit to effectively fundraise
Outcomes measurement brings finance & fundraising together and can take your funeral home to the next level
A Business Mindset…
Financial management is more than keeping accounting records.
A business mindset embodies sound financial management.
A strategic plan with short & long-term objectives.
Develop and evaluate a set of policies/tactics.
Ongoing monitoring to make adjustments.
Staff training to understand your funeral home as a business.
Example
Planning Starts With Your Budget
Funeral Home: Maintain a clutter-free funeral home with modern and up-to-date equipment.
Programs: Deliver high-quality year-round funeral workshops.
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People: Attract and retain outstanding personnel who are passionate.
Performance: Seek excellence in everything your funeral home does.
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Top Down – Bottom Up Budgeting
Funeral Home
Vehicles
Products
Programs
Administration and Marketing
Development
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Financial Tools For Reporting Income Statement
Balance Sheet
Cash Flow
Capital Projects
Operating Metrics
Families
Employees
Hours
Locations
Guiding Principles
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Consistency: financial policies and systems must remain consistent over time.
Accountability: must be able to explain and demonstrate how you have used your resources and what you have achieved.
Transparency: funeral homes must be open about their work and their finances, making information available to all stakeholders
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Integrity: staff must operate with honesty and propriety.
Financial Stewardship: funeral homes must take good care of the financial resources and ensure that they are used for the purpose intended.
Accounting Standards: a funeral home system for keeping financial records and documentation must observe accepted external accounting standards.
Free Resources
With Intuit Academy, you can learn skills such as tax preparation, bookkeeping, or QuickBooks solution reselling. Click Here
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Explore our free and interactive curriculum that uses real-world tools to help students become financially capable. Click Here