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Mastering Financial Management in Nonprofits: The Critical Role of Professional Expertise

Mastering Financial Management in Nonprofits: The Critical Role of Professional Expertise

FromThe Practice of Nonprofit Leadership


Mastering Financial Management in Nonprofits: The Critical Role of Professional Expertise

FromThe Practice of Nonprofit Leadership

ratings:
Length:
24 minutes
Released:
Apr 24, 2024
Format:
Podcast episode

Description

As a small to medium nonprofit with a small budget, it seems like a good call to try to do things yourself or with the help of volunteers. But are there areas where it actually makes more sense and provides even better value, to hire a professional?  We would say most definitely.One of those areas is nonprofit finances.  On today's episode, Tim and Nathan discuss some places where seeking financial expertise is wise.  Some those places are:- Financial Reporting- Tax Preparation- Internal Controls- Budgeting and Forecasting- Strategic PlanningA small nonprofit may not be able to hire a financial employee but they might be able to hire a contractor or a third party firm to provide help and insights.  In any case, this is one area where it is worth investing in expertise for the good of the long term health of the organization.Support the showThe Hosts of The Practice of NonProfit Leadership:Tim Barnes serves as the Executive Vice President of International Association for Refugees (IAFR) Nathan Ruby serves as the Executive Director of Friends of the Children of Haiti (FOTCOH) They can be reached at info@practicenpleader.comAll opinions and views expressed by the hosts are their own and do not necessarily represent those of their respective organizations.
Released:
Apr 24, 2024
Format:
Podcast episode

Titles in the series (100)

The Practice of Nonprofit Leadership was designed for Executive Directors of small to medium sized nonprofits.  If you are currently an Executive Director or hope to be one someday this is your spot.  Leading an organization can be one of the most fun, exhilarating, rewarding, scary, thankless jobs in the universe.  Using a mixture of encouragement, information, stories, and practical tools, hosts Tim Barnes and Nathan Ruby will use their years of nonprofit leadership experience to make your journey a little easier,  more fun, and ultimately help you be more effective in leading your organization.