Category: Finance
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Why Profit is Not Dirty Word….
We have a fear in the nonprofit sector of profit, of having too much cash. Clearly, there are limits to the cash a nonprofit can make, but why are we still acting like making money is a bad thing? Let’s explore this more in depth. In my early days in the nonprofit sector, a very…
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Why is Running a Non-Profit so Hard?
Non-profits employ over 7% of the global workforce, and closer to home in the USA, they represent over 5.7% of US GDP. They earn annual revenues of $2.62B, and yet, nearly every non-profit worries about the state of operations, cash flow, and ensuring they have operational continuity year to year. Uncertain Government Funding How does…
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Why Non-Finance People Can Make the Best Treasurers…
So you can’t get a CPA or a finance person for your Board Treasurer position. Now what? In the realm of non-profit organizations, the role of a treasurer carries significant weight in managing financial affairs. Historically, Certified Public Accountants (CPAs) have been favored for this position due to their finance expertise. However, in recent years,…