173: Can You Manage the Finances as a Nonprofit Leader? (Alex Romero)

173: Can You Manage the Finances as a Nonprofit Leader? (Alex Romero)SUMMARYAs a nonprofit leader, are you well versed in the management of budgets and financials for your organization? Can you forecast cash flow and establish internal controls to keep donors and board members happy? In episode #173 of Your Path to Nonprofit Leadership, we explore the fundamental financial skills you must master to excel at nonprofit leadership. Virtual CFO Alex Romero identifies some of the biggest financial challenges she sees nonprofit leaders facing today and how retaining virtual services might help you make good decisions before you put your organization in a bad spot. Alex shares the three financial management pillars for the overall health and sustainability of your organization and why they matter. ABOUT ALEXAlexandria Romero recently joined Chris Hervochon CPA CVA LLC accounting firm as a virtual CFO. Romero is a Certified Public Accounting from Colorado with an impressive list of accolades in accounting — a few which include the 2022 AICPA Outstanding Young CPA Award, a 2022 Colorado State University Department of Accounting Hall of Fame inductee, and a 2021 CPA Practice Advisor’s “40 Under 40” Accounting Professionals. In her new role as a virtual CFO for Chris Hervochon CPA CVA LLC, Romero directs financial planning, financial reports and financial strategies for nonprofits and digital marketing agencies around the country. Romero previously served as Chief Financial Officer for Pueblo City-County Library District in Pueblo, CO, overseeing a more than $14 million budget. Her extensive accounting experience also includes positions as Senior Auditor and Tax Accountant for McPherson, Goodrich, Paolucci & Mihelich, PC in Pueblo, CO, as well as Accountant positions for Colorado Springs Housing Authority in Colorado Springs, CO and the Downtown Denver Partnership in Denver, CO. Romero also is an active member of the accounting industry, currently serving on the AICPA’s Young Member Leadership Committee as chair and a board member for the Colorado Society of Certified Public Accountants (COCPA).EPISODE TOPICS & RESOURCES Daring Greatly: How the Courage to be Vulnerable Transforms the Way We Live, Love, Parent, and Lead by Brene BrownLearn more about Alex and her virtual services hereTake our Podcast Survey and let us know what you want to hear!Check out Patton’s new book Your Path to Nonprofit Leadership: Seven Keys to Advancing Your Career in the Philanthropic Sector