Nonprofit finance can feel overwhelming to many nonprofit board and staff members. One way to break it down is by considering the five roles needed to ensure your organization’s money is well managed. When everyone knows what they need to be doing, you’ll get more people involved in conversations, decision-making, and oversight, and that is a great place to be. In this episode, Nancy and Sarah share the five finance hats and what responsibilities come with each hat. Which hat are you wearing?
Question to reflect on before you listen:
What is your role related to finance within your nonprofit?
- What resonated with you about this conversation? What would you like to take back to your organization?
- How might it strengthen your financial oversight to have different people serving in different financial roles?
Word of the week: Fit
Fit happens when the item matches the person. How could your finance role better match you, your interests, and your skill?
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