La Salle Nonprofit Center

The Power of Financial Forecasting

Posted on April 9, 2018

Financial forecasting is a vital ingredient in the planning process of any nonprofit, whether new or long established.

A strong financial management process is essential to every nonprofit’s well-being, sustainability and viability.

In times of concern and uncertainty about the economy and the prospects for funding, the ability to perform accurate and timely financial forecasting becomes indispensable. Day to day challenges, such as gift restrictions, adherence to mission, fixed and variable expenses, call for the skill to accurately forecast cash flow, while being adaptable to changing conditions.

The result is a stronger and more resilient organization.

Meet the Expert: Elizabeth Pilacik, CPA, director of audit and accounting for Kreischer Miller, has more than 20 years of experience in working with nonprofits and other tax exempt organization on their auditing and financial consulting needs, including accounting for endowments, donations, and government funding; evaluating internal control procedures; and implementing improved policies and increased efficiencies. Prior to joining Kreischer Miller, she was an assurance director at BDO USA, where she was the co-leader of their Philadelphia Nonprofit and Education Industry Group. Elizabeth also spent 16 years with Asher & Company, Ltd., serving as a senior manager and chair of Nonprofit and Tax-exempt Services, before it was acquired by BDO. She is a frequent instructor on such topics as nonprofit accounting, reporting, and tax issues.

When & Where: May 3, 2018, 9 am to noon, Historical Society of PA, 1300 Locust St., Phila.

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The Power of Financial Forecasting for Sustainability


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