Many small non-profit groups often have treasurer’s who change from year to year. This can be helpful, but for donors searching for current information, a great deal of work often has to go into the creation of a current cash flow statement. Too often, organizations submit previous year’s final records to their donors to demonstrate their fiscal state. They may be requested by donors or by Board of Directors members. Most non-profit organizations are required by law to provide a snapshot of their financial statements at any time.
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