Emerging stronger through financial challenges goes beyond belt-tightening to changing the way an organization operates. We invited Sean Hale, founder and lead consultant of Austin, Texas-based Nonprofit CFOs, to share with us three habits that nonprofits can use to strengthen their financials now and in the future.
Category Archives: Operations
Insights into governing a nonprofit board
One often hears criticisms of nonprofit boards, which usually don’t take into account the many hats board members are expected to wear and all the good work that they do as volunteers. Seasoned nonprofit board leader Jacqueline Rixen shares her insights into governing a nonprofit board.
Cash reserves key for nonprofit survival
Cash reserves are key for nonprofit survival. They are essential for assessing and ensuring the long-term sustainability of a nonprofit. The Board is responsible for agreeing a reserve amount and including it in the financial policies. Tracking where the organization is in relation to the funds can literally mean the difference between catching financial crisis […]