John Zietlow - Financial management for nonprofit organizations: policies and practices

1. Chapter 1
2. Chapter 2
3. Chapter 3
4. Chapter 4
5. Chapter 5
6. Chapter 7
7. Chapter 8
8. Chapter 9
9. Chapter 11
10. Chapter 12
11. Chapter 13
12. Chapter 14
13. Chapter 15

Third Edition

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First edition Copyright 1998 by John Wiley & Sons, Inc.

Second edition Copyright 2007 by John Wiley & Sons, Inc.

Published simultaneously in Canada.

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John T. Zietlow, D.B.A., CTP, teaches nonprofit financial management as an associate faculty member at Indiana University-Purdue University at Indianapolis (IUPUI) and Indiana University (Bloomington). He was permanently certified through the Treasury Management Association as a certified cash manager (CCM) and is certified through the Association for Financial Professionals as a Certified Treasury Professional (CTP). He has done training and consulting in the areas of cash management, treasury management, and investment management and portfolio performance evaluation. He has co-authored Cash and Investment Management for Nonprofit Organizations (2007) and Short-Term Financial Management (2017). John is also a professor of finance at Southwest Baptist University, where he teaches nonprofit financial management and strategic consulting practice in the doctoral program in educational leadership, as well as corporate finance, investments, derivatives, personal finance, and managerial economics in the business school. He previously taught at Oral Roberts University, Malone University, Lee University, Mount Vernon Nazarene University, and Indiana State University. While at Indiana State University, he received a multi-year grant from the Lilly Endowment to do research on application of corporate finance to nonprofit organizations. In that field research the primary financial objective of target liquidity which forms a unifying framework for nonprofit financial management was revealed. He holds membership in the Financial Management Association, Association for Research on Nonprofit Organizations and Voluntary Action (ARNOVA; also part of the Social Entrepreneurship/Enterprise Section and the Nonprofit Finance and Financial Management Common Interest Group), Christian Finance Faculty Association, and Christian Business Faculty Association. He may be reached via e-mail at: .

Jo Ann Hankin is a nationally recognized consultant in the field of fundraising, and financial/administrative management for nonprofits.

Alan G. Seidner was the founder of Seidner & Company of Pasadena, CA, an investment management and consulting firm whose roster included high net worth investors, healthcare organizations, major corporations, nonprofit institutions, and municipalities. In 1998, Seidner & Company ceased operation as its clients were invited to become clients of Fiduciary Trust International of California (FTIC). From 1998 until 2002, Seidner was an independent consultant and a Senior Consultant to FTIC and its parent, Fiduciary Trust International, which later merged with Franklin Resources, parent of Franklin Templeton. From 2005 thru 2007, Seidner was a Senior Vice President at Denver Investment Advisors. Currently he is a Senior Consultant for Client Development with the Pyatt Broadmark Real Estate Lending Funds. He holds Series 7 and Series 63 FINRA registrations.

Seidner was the author of many financial reference works, and was a frequent speaker on investment techniques and strategies. He has served as a speaker on investment techniques and strategies at numerous financial conferences, such as those of The American Institute of Certified Public Accountants and the Graduate Schools of Business of Duke University, Ohio State University, the University of California (Berkeley), the University of North Carolina and the University of Southern California. He has also provided testimony before federal government agencies on the performance of pension fund investments.

Tim O'Brien, PhD serves as a practitioner faculty at North Park University, School of Business and Nonprofit Management where he specializes in Nonprofit Financial Management. He also teaches financial accounting, managerial accounting and strategic management for nonprofit organizations. He also teaches at The Spertus Institute. He previously taught at JFK University in Northern California. He also serves as Senior Consultant for Lumity, a nonprofit organization that provides financial consulting services to nonprofits in the Chicago area. He has also served as an international workshop leader, controller, CFO and Director of Finance and Administration in a variety of nonprofit organizations. In addition, he serves as Treasurer for St. Luke's Episcopal Church in Evanston, Il and on the Advisory Board of the Axelson Center at North Park University. Dr. O'Brien holds a BA in Accounting from Queens College, Flushing, NY, an MA in Management from JFK University in Pleasant Hill, CA and a PhD in Interdisciplinary Studies from The Union Institute & University, Cincinnati, OH.