What makes a good treasurer for a nonprofit?

What makes a good treasurer for a nonprofit?

Treasurers should help build oversight guardrails rather than simply fear going outside of them. Strategic: This piece is too often overlooked but is what differentiates a treasurer who is an effective financial manager from a good financial leader.

What is the job description of a treasurer in a 501c-3?

One of the first jobs you might get at a small nonprofit is treasurer. Depending on the size of a 501 (c) (3) and whether it’s all-volunteer or has paid staff, the duties of a treasurer will vary greatly.

How often does the treasurer of a nonprofit change?

Because nonprofits often know who the next treasurer will be (if they change positions every year, two or three), the current treasurer takes time to familiarize his successor with the job duties.

What did I do as treasurer at immigrant Law Center of Minnesota?

For example, when I was a treasurer at the Immigrant Law Center of Minnesota, I was fortunate to work with their associate director, who was a good finance director. Staff was responsible for producing the financial reports, and I was responsible for guiding what would be most useful on those reports and framing the board conversation from there.

Treasurers should help build oversight guardrails rather than simply fear going outside of them. Strategic: This piece is too often overlooked but is what differentiates a treasurer who is an effective financial manager from a good financial leader.

One of the first jobs you might get at a small nonprofit is treasurer. Depending on the size of a 501 (c) (3) and whether it’s all-volunteer or has paid staff, the duties of a treasurer will vary greatly.

Because nonprofits often know who the next treasurer will be (if they change positions every year, two or three), the current treasurer takes time to familiarize his successor with the job duties.

For example, when I was a treasurer at the Immigrant Law Center of Minnesota, I was fortunate to work with their associate director, who was a good finance director. Staff was responsible for producing the financial reports, and I was responsible for guiding what would be most useful on those reports and framing the board conversation from there.