NAAG provides a growing library of on-demand resources*, including courses, archived podcasts, and more, designed to deliver practical, high-quality training for the attorney general community.

Our on-demand courses include recordings of prior programs as well as purpose-built learning experiences covering a wide range of topics relevant to attorney general community and beyond. On-demand courses are available to both members and non-members, with certain offerings eligible for continuing legal education (CLE)** credit depending on the course and jurisdiction.

Questions? Please email support@naag.org.

 

Course image
Finding the Red Flags in Nonprofits' Financial Statements
Audience
Members Only

Topic(s)
Charities

CLE Status
Eligible

Original Production
06/24/2026

Duration
59 min

Cost
Members
Included in Membership

Course Description

This course is designed for legal professionals and nonprofit administrators seeking to enhance their understanding of financial statement analysis within the nonprofit sector. Participants will learn to identify critical red flags that may indicate financial mismanagement or risk, including the implications of various levels of attestation, such as compilations, reviews, and audits. The course will also cover the significance of going concern opinions, related party transactions, and donor concentrations, equipping attendees with the analytical tools necessary to assess the financial health and sustainability of nonprofit organizations.

Through a combination of expert presentations and real-life case studies, attendees will gain practical insights into the financial reporting landscape of nonprofits. The course will emphasize the importance of ratio analysis and provide attendees with actionable strategies to evaluate financial statements effectively. By the end of the session, participants will be better prepared to navigate the complexities of nonprofit financial documents and contribute to informed decision-making within their organizations or legal practices.

*May be ineligible for CLE credit for states that require a 60-minute minimum.

Course Objectives
  • Identify key red flags in nonprofit financial statements.
  • Understand the different levels of financial statement attestation.
  • Analyze the implications of going concern opinions for nonprofits.
  • Evaluate the importance of related party transactions and donor concentrations.
  • Apply ratio analysis to assess the financial health of nonprofit organizations.
Presenter(s)
Jonathan Lester, Candice Meth

*  Some of our resrouces, including on-demand courses, require you to log in or create an account to register and/or access the content.. If you do not already have an account, you will be prompted to create one.
** Before registering for any CLE-eligible course, participants should verify that their jurisdiction permits on-demand and/or self-study CLE, as requirements vary by state and territory.