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Nonprofit Leadership: Using Data for Better Decision-Making

The Charity CFO

How does your nonprofit make strategic decisions? Leveraging data for strategic decision-making has many benefits–from improving your efficiency to increasing the success rate of campaigns or strategies. Learn more about using data for decision-making in your nonprofit in this complete guide.

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Budget Tracking for Nonprofits

The Charity CFO

Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit. Tracking your budget helps with overall budget management, which contributes to your financial stability and the success of your nonprofit mission.

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Nonprofit Finance Practices

VCFO

Restoring and Ensuring Effective Nonprofit Finance Practices Decades ago, healthcare trailblazer Sister Irene Kraus moved her mantra of “No Margin. And when shortcomings and lapses in those crucial cornerstones persist in a nonprofit, so too do risks to the organization and those they serve. No Mission.” into the limelight.

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What is Financial Forecasting and Why Does it Matter to Nonprofits?

The Charity CFO

Financial forecasting is a term you’ll hear thrown around in the business world quite often—but in the world of nonprofits, it can be difficult (and even downright impossible) to plan your organization’s finances with any degree of certainty. What Is a Financial Forecast for Nonprofits?

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What Do Charity Watchdogs Want From Your Nonprofit?

The Charity CFO

This article will summarize the principal criteria the top 3 charity watchdogs use to evaluate your nonprofit organization. Charity Watchdogs is a term used to describe various organizations attempting to measure the quality of a nonprofit organization. They’ve been providing ratings for nonprofits in some form since the 1920s.

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The Finance Committee and Nonprofit Financial Management Tips

The Charity CFO

Your finance committee spends the most time analyzing and studying your nonprofit’s numbers, yet your entire board of directors is responsible for financial oversight. All board members are responsible for the financial health of a nonprofit organization. Include nonprofit financial training component in board orientation.

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Job Description For Nonprofit Finance Director

The Charity CFO

The finance director role is critical to the success of any nonprofit, making it one of the most important hires an organization can make. Here’s a look at some of the qualifications you should look for in a nonprofit finance director and tips on how to verify those qualifications: Qualifications For A Nonprofit Finance Director.