August 21, 2003
Board Members' Guide to Financial Statements
Understanding Nonprofit Financial Statements, Second Edition, by Steven Berger, describes nonprofit financial statements and explains how board members can use the documents to fulfill their legal and fiduciary responsibilities. Mr. Berger, president of Healthcare Insights, a Libertyville, Ill., company that offers financial-management training and consulting services for health-care organizations, explains the components of balance sheets and
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