The Board of Directors of a nonprofit organization has a fiduciary responsibility to oversee the financial health of the organization. Although they are not responsible for managing the daily operations of a nonprofit organization’s finance department, they should be confident that the finance department is managed efficiently and effectively with proper processes and systems in place to support the organization as it successfully carries out its mission.
To fulfill their responsibility, Board members should ask senior management questions in five key areas:
Questions Nonprofit Board Members Should Ask
Roberta Katz Consulting is working with many nonprofits in improving the operations of their finance function. Schedule a complimentary consultation today to discuss how I can provide your organization with an impartial assessment of its finance department.