Budgeting and Reporting for Non-Profits

Non-Profits have many unique characteristics in how they generate revenue, cultivate “customers” (or donors) and provide services. But they have a lot in common with for-profit businesses too, including the need for accurate budgeting and reporting. In today’s episode Tim Domini, who’s spent his career helping manage financial functions in the non-profit space, joins us to talk about some of these unique characteristics and what non-profits should do first, better or differently to optimize for success. From preparing to audits to presenting the right information to the right audiences, Tim shares specific advice on the kinds of strategic guidance non-profits should look for from their financial partners, and why fractional expertise is often a smart way for non-profits to goCreate The Next is delivered to you from ProCFO Partners. Every week, we explore strategies and ideas for financial management and growth to help today’s businesses put their financial picture in context. ProCFO Partners are expert financial officers networked across industries, verticals, specializations and situations. Fulfilling the role of a part-time CFO with all-time commitment, ProCFO Partners utilizes the innovative and exclusive FGC Financial Flywheel as a framework that creates momentum to drive your financial functions for sustainable success. Visit procfopartners.com to explore how we can implement a systematic and scalable financial system to help you achieve your goal.