So many churches have great people on financial committees and teams, but they often lack expertise in church finances. I believe that EVERY church should have access to a Chief Financial Officer! Why? How many classes did you take on running a non-profit? Okay, point made
Unless your organization is just massive, you should have an outsourced CFO that you can access when you need it.
Three processes a CFO can help you with:
It is very rare for a church leader to be skilled in forecasting financials. I would utilize an outsourced CFO to help project the budget the next year.
2. Process Management
Who is developing healthy financial processes for your church? Who wakes up in the morning thinking about the thousands of dollars that flow in and out of your organization? Most churches that grow fast act like a church of twice its size financially. It is imperative to have someone thinking about this stuff!
3. Decision Making
Who helps you think through the ramifications of moving into a new facility? Who asks the tough questions about the building you want to renovate or the land you want to buy? Who understands banking issues and shopping loans? Only a trained CFO!
We are rolling out a super low cost option for your church. Even a church plant should have access to a CFO! Fill out this form if you are interested!