Interim CFOs for Nonprofits: Balancing Mission and Money

Running a nonprofit is a balancing act. On one side, there’s the passion that fuels your mission. On the other is the practical need to keep the books balanced and the bills paid. Both matter. When they’re aligned, your organization can thrive for years to come.

But balancing the mission with the money is never easy, especially in these unpredictable times. From changing funding streams to tight budgets, managing money in the nonprofit world comes with unique challenges. Those challenges are exacerbated in times of transition, growth, or crisis. That’s when it makes the most sense for nonprofits to hire an experienced interim Chief Financial Officer (CFO).

At InterimExecs, we specialize in connecting nonprofits with experienced interim leaders who know how to steady the ship and plan for the future.

Here’s why interim CFOs are becoming such a valuable resource and how they can help you find the money to meet the mission.

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Fractional vs. Interim vs. Full-Time CFO: What’s the Right Fit for Your Company?

When your company is in financial flux — whether due to growth, fundraising, or leadership gaps — it’s easy to get overwhelmed by the range of CFO options. Should you hire full-time? Go fractional? Bring in someone on an interim basis?

The titles may sound similar, but the structure of each is very different. Choosing the wrong one can stall momentum or cost you more than it saves. Here’s how to compare your options — fractional vs. interim vs. full-time — and decide which type of Chief Financial Officer is right for your company’s stage and situation.

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From Full-Time Tech Exec to Interim CIO: 5 Key Steps for Making the Leap

Veteran tech executives are increasingly drawn to the flexibility and fresh challenges of interim and fractional CIO roles. Whether you’re seeking more control over your time, eager to solve complex problems at scale, or simply ready for a new phase in your career, the interim path offers an exciting opportunity to make a high-impact difference across organizations.

But making the leap from a traditional, full-time C-suite role to interim work isn’t as simple as updating your resume. It requires a mindset shift, new strategies, and a clear value proposition. In a panel hosted by Robert Jordan, CEO of InterimExecs, seasoned interim leaders Dominic Luzi, Tom Murray, and John Matthesen shared their hard-won insights on what it takes to succeed as an interim or fractional CIO. Here’s what you need to know.

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The Ultimate Guide to Hiring an Interim CIO

Technology can make or break your business. Whether you’re navigating a high-stakes digital transformation, cleaning up an IT disaster, or preparing your company for sale, you need smart, decisive leadership. But what happens when your organization can’t wait six months to recruit the perfect permanent CIO?

That’s where an interim CIO comes in.

Unlike a full-time hire, interim CIOs bring speed, clarity, and deep experience — often stepping in after a CIO departs, during a crisis, or ahead of a major initiative.

This guide breaks down what every CEO, board member, or private equity investor should know about hiring an interim CIO—how to recognize when you need one, what they actually do, how they differ from CTOs and fractional executives, and what traits to look for.

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When Should You Bring in an Interim CIO?

In today’s digital-first economy, the demands on IT leadership are immediate, complex, and high-stakes. Whether it’s leading a large-scale ERP rollout, navigating a merger, or shoring up cybersecurity, your organization can’t afford delays in critical IT decision-making.

That’s where a top-tier interim CIO can make all the difference. But how do you know it’s the right time to bring one in?

Below are the most common scenarios when engaging a part-time or temporary CIO is not just helpful, but necessary.

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The Reverse Elevator Speech: The Essential 60-Second Secret Every Interim Leader Must Master

“If you cannot explain it simply, you do not understand it well enough.”

— Albert Einstein

Most leaders know the power of an elevator pitch — that concise, compelling speech you’d give the CEO if you found yourself sharing an elevator. But what about when the tables turn? What if it’s your job, as a leader, to share your vision with your team?

Enter the reverse elevator speech — the 30-to-60-second message every leader needs to master.

The reverse elevator speech is particularly relevant for interim professionals as it enables rapid alignment and impactful engagement. Interims can swiftly grasp an organization’s core challenges and, by articulating the company’s problem and their proposed solution concisely, immediately gain executive buy-in and establish their value. This approach cuts through complexity, fosters quick consensus for change initiatives, and frames the interim’s role as a direct solution provider from day one.

What Is a Reverse Elevator Speech?

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When and How to Divest: A Guide to Strategic Spin-Offs and Carve-Outs

The strategic playbook of most companies focuses on growth through mergers and acquisitions. But that focus on M&A deals overlooks one of the most powerful tools in their arsenal: a clear, proactive divestiture strategy. The strategic shedding of underperforming assets can be a robust engine for value creation and an essential component of dynamic portfolio management for boards, C-suite executives, and private equity funds.

“While there’s plenty of evidence to suggest divestitures can create more value for shareholders than acquisitions, only about 30% of S&P 500 firms engage in them annually,” says Emilie Feldman, professor of management at Wharton and author of Divestitures: Creating Value Through Strategy, Structure, and Implementation.

This underutilization, she posits, is partly due to a psychological bias: “M&A is associated with positive terms like ‘growth’ and ‘opportunity,’ while divestitures are linked to negative terms like ‘failing’ and ‘lagging.'”

Overcoming this misperception is critical to unlocking substantial enterprise value.

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Fractional vs. Interim Executives: What Are the Differences and Which is the Right Path?

Interim and fractional leadership lies at the intersection of leadership gaps and the gig economy. They are the answer to the challenges organizations face in today’s dynamic business landscape. But what are the differences between the two approaches and which one is right for your organization? And which is the right future career path for you as a high-level executive?

Let’s break it down.

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Top 5 Qualities of a Great Interim CIO

When technology stalls or transformation fails, it’s rarely because of tools or code. More often, the root issue is leadership — misaligned, ineffective, or stuck in the weeds.

That’s where interim CIOs step in. The best ones don’t just manage systems. They stabilize teams, reset direction, and accelerate outcomes — often under immense pressure and tight timelines.

At InterimExecs, we work with elite interim leaders across the globe through our RED Team. We sat down with some of our top-performing interim and fractional CIOs to understand what separates the good from the truly great.

Here’s what we found:

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Leadership Accountability Isn’t What You Think: What Interim and Fractional Execs Must Get Right

In the world of interim and fractional executives, there’s no room for fluff. You’re dropped into a company mid-crisis, mid-turnaround, or mid-transformation. You’re expected to hit the ground sprinting—not just running.

So let’s talk about the word that gets tossed around like confetti but is often completely misunderstood: accountability.

We sat down with Sam Silverstein, founder of Sam Silverstein Enterprises and the Accountability Institute, and author of multiple books on leadership and culture, to unpack what accountability actually means—and why it matters more than ever for executives who lead without long-term guarantees.

Spoiler alert: It’s not about barking orders or micromanaging from the corner office.

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