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Nonprofit Financial Health Checklist

Unlike for-profit businesses,nonprofits need to track funds based on donor restrictions (e.g., unrestricted,
temporarily restricted, and permanently restricted funds) and ensure compliance with nonprofit accounting standards.
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How Can You Use This Template?

It covers key financial areas such as governance, budgeting, accounting, cash flow, fundraising, compliance, and long-term sustainability. By following this checklist, nonprofits can ensure they remain financially healthy, compliant, and focused on their mission.
Review each section
Assess your organization’s financial practices using the checklist.
Identify gaps
Spot areas that need improvement, such as financial reporting, cash reserves, or compliance.
Take action
Implement best practices, improve financial oversight, and strengthen internal controls.
Improve budgeting and financial planning
Revisit the checklist periodically to track progress and adapt to changes.
Download the checklist, apply it to your nonprofit, and take proactive steps toward financial sustainability!
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