December 14, 2022 - Learn what a nonprofit board’s relationship with the senior leader should look like, as well as warning signs that can indicate a possible issue.
Author Archives for Rob Faulk
About Rob Faulk
Rob serves as Partner and Church and Denomination Services Director at CapinCrouse. Rob has more than 35 years of financial leadership experience in serving both for-profit and not-for-profit entities, as well as more than eight years of direct ministry experience. He previously served with a Big Six accounting firm, where he was the lead manager on the project that developed the COSO Internal Control framework.
October 16, 2020 - There is still considerable uncertainty about the global pandemic and its long-term effects, and budgeting effectively when so much is unknown can feel overwhelming. These considerations and steps can help you assess and modify your budget to the new realities we encounter.
To say that the end of the calendar year is a busy time for church financial departments is an understatement. This checklist of calendar year-end financial tasks will help you stay on track and get the new year off to a strong start.
Churches that are facing the need to refinance a loan, or that are considering obtaining loan financing for the first time, may be concerned about how to manage the cash flow impact of fluctuating interest rates. Here are some financing options to consider.
Many church boards have two main areas of focus: the faith-based aspect of governance and the business and stewardship aspect. It’s important for your church to balance the two, because a weakness in either can cause serious issues in overall governance.
Here is a summary of financial actions your church board finance or audit committee should complete during their meetings throughout the year.
No organization has an infinite supply of resources. Follow these steps to create a realistic and effective budget that will help your organization use the resources you do have in a way that accomplishes your goals and furthers your mission.
Organizational weaknesses and an accumulation of bad decisions sent the Titanic to its tragic end. So what can church leaders learn from the mistakes of the Titanic, more than a century later?
Organizations that wait too long to address their capacity gaps are unlikely to achieve their vision and mission, and may even face irrelevance. Conversely, moving quickly to discover and address capacity gaps will enable your organization to work more effectively toward accomplishing its goals.