How a CFO Grows Your Nonprofit

     Having a CFO on your team can be a game changer. All nonprofits can benefit from a strategic voice at the table. Today I want to share how a nonprofit CFO can help you achieve financial growth. 

Strategic Financial Planning

The first way a CFO impacts your financial growth is through strategic financial planning. You see, financially minded people see the trends from the past, and they use that information as a valuable insight to help highlight opportunities and challenges that can be strategically addressed for the future.

Identifying Growth Opportunities  

     A great CFO sees the patterns and can spot those opportunities that are just lying dormant in your organization. We are also skilled at spotting opportunities in the market conditions and then applying them to a nonprofit.

Optimizing Revenue Streams

 The last way impacts your financial growth is by optimizing revenue streams to ensure financial health. A CFO knows when a revenue stream is effective, worthwhile, and productive to the financial goals of the nonprofit, as well as the mission. They come to the table with a good voice and an eye on those revenue streams to help figure out how to leverage revenue models in a way that will be sustainable and ensure your mission is funded. 

     Of course, a CFO is also there to do those really hard things and sometimes say what nobody else in the room wants to say- when something actually needs to stop. Not spending money on something that's not working is a wee bit like raising money. 

     So, there you have it. Those are some amazing effects that a nonprofit CFO can bring to your organization.

What If You Can’t Hire a Nonprofit CFO? 

 If your organization is in need of these CFO skills but not yet large enough to hire one full time, I offer Fractional CFO services to help meet this need at a fraction of the cost. 

     But, if these fractional services are not yet possible for your organization, I’ve a new option just for nonprofits like yours. It’s called Your Nonprofit CFO. This low cost monthly subscription will help you gain traction in moving your mission forward and it’s a great fit if you’re not able to hire that fractional work yet but still need ongoing support. 

In this monthly subscription you will receive:

•  Exclusive access to a community of leaders teaching on topics that are pertinent to where you’re at right now
•  A toolbox of nonprofit financial resources
•  Access to monthly group coaching calls

To receive an exclusive invitation to this new opportunity, you can subscribe to my weekly financial tips here!