Financial management is an essential part of a non-profit organization. In the chapter, Worth states that financial management involves analyzing different financial ratios that can help explain trends and the financial health of an organization. (Worth, 2017) Something that stood out to me in the beginning of the chapter was this line from the chapter; “a well-managed organization will strive to achieve diverse revenue sources, both to minimize risk and to maximize autonomy…” I agree with this statement. As a non-profit organization, having different forms of revenue can help with funding an organization even more. Having different forms revenue can help because if one form of revenue is suddenly cut off, the organization will have other forms
