Philanthropy Is this a Red Flag? Understanding & Analyzing Charity Financials Published: November 4, 2020 nancial statements are the primary source of information about an organization’s financial health, although they are not always the easiest to understand. Videos Philanthropy Is this a Red Flag? Understanding & Analyzing Charity Financials Financial statements are the primary source of information about an organization’s financial health, although they are not always the easiest to understand. This webinar, presented by Michel Bernucci CPA, discusses the basics of financial literacy in the nonprofit sector. It is intended for funders and donors to help analyze a charity’s financial statements in order to evaluate their financial sustainability and identify potential red flags.