ROAD TO RESILIENCE
Lead with abundance
Chief Financial Officer, NEW
What if we reimagine leading with financial abundance and resilience?
Welcome to Road to Resilience, a space where you can gain the financial acumen to lead with confidence. It’s been designed especially for “accidental financial leaders,” those who have deep “mission knowledge, but less margin expertise. Together, we’ll explore finance fundamentals, developing a budget process, and relaying financial data to different audiences. All rooted in equity and abundance.
Applications for the 2024 Road to Resilience cohort will open on Wednesday, November 1st (11/01/23) at 9am. Stay up to date by clicking the button below.
Why ROAD TO RESILIENCE and why NEW?
Stronger systems and processes enable leaders to advance their missions. Yet, economic upheaval keeps revealing that our nonprofits’ are financially vulnerable. Road to Resilience offers financial leaders with the acumen and abundant mindset nonprofits to thrive.
“For me, the value is that this program brings back to the forefront finances to more top of mind. I have the systems built and usually don’t go to look at them until certain points of the year – budgeting, 990 prep, end of year, etc. This program reminds me to check in on this work, and budget time to tend to these things.”
Jeannette Stawski, AORE
Financial Consultant, Lead, NEW
THE ROAD TO RESILIENCE EXPERIENCE
Road to Resilience is a collaborative cohort learning experience. Over the course of eight (8) biweekly sessions, you’ll learn alongside other nonprofit financial leaders. You’ll share experiences and nonprofit financial practices with each other. Each session offers a balance of dialogue, engaging content, and real life application. To stay relevant to your cohort’s needs, we’ll solicit feedback and adapt the program as we go.
Through this program, you’ll:
- Learn to recognize your own expertise while advancing your knowledge of nonprofit finance fundamentals
- Gain strategies for relaying financial information in accessible and transparent ways
- Build and strengthen connections with others navigating their roles as “accidental financial leaders”
Orientation & Ways of Being
Thursday, January 11th (01/11/24), 11am – 1pm
*In-person at The NEW Center*
In this in person* kickoff to Road to Resilience, you’ll meet and get to know the rest of your cohort. Together, you’ll solidify your aspirations and objectives for the program, and get a sense of what’s to come. We’ll also enjoy a catered lunch at NEW’s offices overlooking the Huron River.
Your Financial On-Ramp
Thursday, January 25th (01/25/24), 10:30am – 12pm
We’ll discuss the lessons we were taught about money, and how those inherited feelings influence nonprofits. You’ll reflect on your organization’s current practices, and begin to move towards an abundance mindset.
Writing & Reading Financial Statements
Thursday, February 8th (02/08/24), 10:30am – 12pm
Get comfortable interpreting balance sheets, income statements, forecasts, and cash flow. We’ll also explore which statements and formats are best for different settings.
Thursday, February 29th (02/29/24), 10:30am – 12pm
Writing a budget can be a stressful time. Let’s reframe budgeting as an imaginative, values-driven process of realistic dreaming. We’ll explore different budget planning processes and talk through how to create a supportive, effective timeline. Your next budget season will be less stressful, more focused, and more fun for your whole team!
Thursday, March 14th (03/14/24), 10:30am – 12pm
How do you drive safely on the wide-open road? In this session, we’ll review basic finance best practices. You’ll also learn from your peers’ real experience using these practices. Expect to gain strategies for internal accounting controls, managing restricted funds, and more.
Telling Your Financial Story
Thursday, April 4th (04/04/24), 10:30am – 12pm
You’re a master of numbers, but how do you communicate the facts when the staff or board members start to glaze over? We’ll explore ways to tell your financial story, so everyone understands the big picture and their role in it. Invite a board member to this session to help you bring the learning back to your nonprofit.
Common Financial Pitfalls
Thursday, April 25th (04/25/23), 10:30am – 12pm
We’ll talk about financial management strategies for avoiding potholes and roadblocks along the way to your vision. Before the session, your cohort will choose a finance- related challenge to focus on during our time together. In session, we’ll tap into the wisdom of the group for creative solutions.
Friday, April 26th (04/26/24), 4pm – 6pm
Come connect with your cohort and Road to Resilience alum, and celebrate our growth together! Join us for a final in-person* gathering at a local restaurant in Washtenaw County.
*Note, we’ll be monitoring and adhering to Washtenaw County and CDC guidelines as we plan in-person gatherings. Stay tuned for more info.
FREQUENTLY ASKED QUESTIONS
How do I know if Road to Resilience is right for me and my nonprofit?
You’re an “accidental financial leader” if:
- You’re responsible for one or more elements of your organization’s finances. This may be writing budgets, tracking transactions, presenting financial reports, or sharing about how funds are used. Your title might not include the word “finance” – like executive director or operations manager.
- You received little to no formal training in nonprofit finance.
If you’re ready to gain confidence, insight, and peer support on your journey, this is for you!
How much does Road to Resilience cost?
The participation fee for Road to Resilience is $250, $500, or $1,000, depending on your organization’s annual operating budget. The actual cost of Road to Resilience is $1,700 per participant, which NEW subsidizes through grants and other contributions. Even if you are concerned about the cost, we encourage you to apply. We will do our best to make it work.
Your ability to pay will in no way affect your application to the program.
We encourage employers to sponsor their staff. If you want a team member to attend, we recommend first reviewing the application criteria. Then it’s best to check in with the potential participant on their interest and capacity to engage. After that, ask them to complete the application. Invest in your team!
How are participants selected?
Applications for the next cohort of Road to Resilience will open on Wednesday, November 1st (11/01/23) at 9:00am until Thursday, November 30th (11/30/23) at 9:00am. We can only accept one person per organization.
To join Road to Resilience, you must be:
- Open to learning, ready to engage, and willing to be vulnerable.
- Ready to grow on your own and as a collective. You must be willing to lean into discussions that challenge the status quo.
- Committed to deepening relationships in our community. Participants are expected to fully engage in all sessions to cultivate a shared-learning space.
A diverse cohorts helps us learn better. As we’re building this cohort we’ll consider all of the indentities you share, with a focus on:
- Your organization’s type and location
- Your organization’s size and operating budget
- Your race/ethnicity
- Your generation
- Your gender (identity or expression, beyond the binary welcome)
- Your sexual orientation
- Your ability status
- Your role and leadership experience
What's the schedule for 2023?
The Road to Resilience Orientation and Celebration will happen in person in Washtenaw County. Core sessions will take place virtually on Zoom biweekly on Thursdays from 10:30am – 12pm from January to April 2024.
|Orientation & Ways of Being||Thursday, January 11th (01/11/24)
11am – 1pm
|Your Financial On-Ramp||Thursday, January 25th (01/26/24)
10:30am – 12pm
|Writing & Reading Financial Statements||Thursday, February 8th (02/08/24)
10:30am – 12pm
|Budgeting Basics||Thursday, February 29th (02/29/24)
10:30am – 12pm
|Best Practices||Thursday, March 14th (03/14/24)
10:30am – 12pm
|Telling Your Financial Story||Thursday, April 4th (04/04/24)
10:30am – 12pm
|Common Financial Pitfalls||Thursday, April 25th (04/25/24)
10:30am – 12pm
|Celebration||Friday, April 26th (04/26/24)
4pm – 6pm