Finances can feel like a chore for organizations of any size, but especially small ones.
In the same way you need to brush your teeth and take out the garbage, you need to have your organization’s financials in order. But it’s so much more than that!
In this interview with Gordon Holley, we talk about the upside of having your finances in good order and what that could mean in terms of conversations with funders.
There is so much covered in today’s podcast.
Your finances are like the lifeblood of your organization, so it’s an important investment to make sure you’re managing them well. Gordon tells you exactly how to do that. We cover:
- The CRA requirements with which most organizations struggle
- Where to find a treasurer who is a CPA
- Some financial risks you might not be aware of
- What financial reports you need to be looking at on a regular basis
- The financial policies you need to operate efficiently
- How to structure your finances to have meaningful conversations with funders
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Also listen at:
Resources from this Episode
Canada Revenue Agency (Charities Directorate)
Cost Accounting Information
Post your treasuerer & board positions for free on CharityVillage – and cross post to Linkedin! Here’s how to get started.
Watch Gordon’s past webinars for CharityVillage: How to Read Financial Statements, Critical Financial Controls for Small to Medium Nonprofits, and Four Keys to Financial Success for Small to Mid-Sized Nonprofits
CharityVillage Budgeting for Nonprofits eLearning course
Watch more episodes of the Small Nonprofit Podcast
You are going to change the world. We can help. Running a small nonprofit is not for the faint of heart. With limited resources and fueled by a combination of caffeine and passion, small charity leaders are unsung heroes. The Small Nonprofit podcast, by CharityVillage and The Good Partnership, gives you down-to-earth, practical and actionable expert guidance on how to run a small nonprofit. From leadership and law to fundraising and finance, we’ve got you covered. Forget comparing your organization to the big shops, we’re creating a community of nonprofit leaders who are going to change the world, one small nonprofit at a time. Click here for more episodes!
Cindy Wagman spent 15 years as an in-house fundraiser at organizations large and small before founding The Good Partnership – a boutique fundraising firm focused on small nonprofits. She has worked in social justice, health, arts, and education organizations. She has overseen and executed everything from annual campaigns to multi-million dollar gifts. She became a Certified Fundraising Executive in 2009 and received her MBA from Rotman at the University of Toronto in 2013.
With more than ten years of experience in development, staff and stakeholder management, strategic thinking, partnerships, board governance, and program development, Aine McGlynn is a diversely talented, self-starter committed to finding creative solutions in unexpected places. Aine holds a PhD from U of T and has a history of academic publishing, along with her decade of nonprofit sector experience. She is a practitioner-scholar focused on how to help nonprofits build their capacity to be successful at fundraising.