I heard recently about a small nonprofit in my area that has suspended operations and closed its doors. I think I’ve heard of this group before, but it’s definitely not made its presence known in the community. I learned that this group has raised a good amount of money over the past few years, but has not managed it well. It breaks my heart to think that they could still be in business today if they just had someone in leadership who knew how to be frugal and manage money well.
I know the importance of a good set of eyes focused on the finances. When I worked at the local Food Bank, we had lots of bankers on the Board and they drove me crazy asking questions about the smalled details. Looking back, I know that was a HUGE blessing! They watched our operations closely and kept us in excellent financial shape.
Who do you have in leadership at your organization who watches the bottom line? Does someone raise questions when they see something that needs to be questioned? If you have someone like this, be grateful. If not, go recruit someone. You’ll feel so much more comfortable knowing you have those skills on your team!
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