PLAYBOOK: All the Tools You Need to Become the BEST Nonprofit CFO

February 15, 2018

In 2018, nonprofit CFOs will face many short-term and long-term challenges: new regulations, smaller budgets, and the perpetual challenge to do more with less.

Blackbaud’s new CFO playbook “Three Roles of the Mission-Infused Nonprofit CFO” begins to identify best practices and guiding questions that drive finance and mission success through defining the three major roles of the mission-infused nonprofit CFO:

●   The Builder — The builder is driven to construct a sustainable financial structure and business model that meets mission needs, goals, and aspirations over time. Such mission success represents the lasting legacy of the nonprofit CFO.

●   The Strategist — To ensure that the fiscal year financial and mission stories go as planned (or better than planned), the CFO cannot be a passive bystander; they must be an active participant. The role requires a proactive, strategic decision-maker who moves the organization along the path to mission and financial success.

●   The Cultural Trendsetter — Some say the nonprofit CFO is the loneliest job in the organization. The expectation is that the role exists to cut operations down to size and achieve bottom-line goals regardless of all the good work the organization does. However, this perception doesn’t have to be the reality; it doesn’t even have to be the perception.

This guidebook is written with the hope that its reader will consider what the connection between mission and finance means, as well as define and implement the strategies that result in better organizational outcomes. If the ultimate goal of the nonprofit sector is to positively impact society—whether through advocacy, arts, direct service, education, healthcare, public policy, research, and social services—the nonprofit CFO must have a seat at the mission table.

Click here to download the playbook and check out these related resources: 

Do the math. See how Blackbaud Financial Edge NXTTM can help fuel your mission. Calculate the potential impact to your revenue and administrative expenses with our ROI calculator.

Previous >
WHITE PAPER: Cloud Considerations for the Nonprofit CFO
WHITE PAPER: Cloud Considerations for the Nonprofit CFO

Next >
KOHL CHILDREN'S MUSEUM: Benefitting from Altru through Blackbaud University
KOHL CHILDREN'S MUSEUM: Benefitting from Altru through Blackbaud University