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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When Should You Hire a CFO?

Whether you’re running a startup, scaling fast, or facing financial complexity, the question eventually comes up: Is it time to hire a CFO? This guide breaks down when to bring in a full-time, fractional, or interim CFO — and how to know which one is right for your company’s stage.

Boards Must Lead on Technology Oversight: From Risk to Strategic Growth

In an age of AI disruption, ransomware attacks, and cloud dependency, boards of directors face a new kind of fiduciary responsibility: ensuring that technology risk is understood, governed, and turned into competitive advantage.

Without active board engagement, companies risk falling behind—or worse, facing catastrophic loss. But when boards get technology right, it opens the door to innovation, security, and sustained value creation.

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Transforming Your Business Through Technology: Advice from Interim CIOs

“Technology is nothing. What’s important is that you have a faith in people, that they’re basically good and smart, and if you give them tools, they’ll do wonderful things with them.”

— Steve Jobs

Technology is evolving at a breakneck pace, leaving many companies struggling to keep up. When systems are misaligned, talent is underleveraged, and business leaders are frustrated, it’s often a sign that technology is being managed in a silo—or worse, it’s actively hindering growth.

We spoke with two seasoned interim CIOs, David Mitchelhill and Kevin Malover, both members of the InterimExecs RED Team, about how they’ve guided companies through ERP overhauls, tech stack rebuilds, and aligning IT with business goals. Here are the biggest takeaways.

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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Leading Through the Fire: When Crisis Hits Your Bottom Line and Sears Your Soul

Imagine your business, a $200 million operation, vanishing overnight. Not a slow decline. Not a market shift. A sudden, devastating wipeout. That’s the reality Paul Hardy faced. He’s a seasoned executive who found himself at the epicenter of an avian flu outbreak in 2022.

Ultimately, the company, one of the biggest producers in the country, destroyed more than 5 million birds.

In eight days.

This isn’t just a story about managing in a crisis; it’s a masterclass in leadership, resilience, and the human cost of extraordinary decisions.

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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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What is a Fractional Executive? How CEOs, CFOs, and COOs Go Part-Time for Big Impact

Fractional executives — including fractional CEOs, CFOs, COOs, and CIOs — are the hottest thing in the C-suite. What started as a niche workaround has gone mainstream, with companies from fast-scaling startups to Fortune 500s tapping part-time leaders for big-impact roles.

These aren’t consultants or advisors — they’re deeply embedded executives, delivering high-level strategy, leadership, and results without the cost or commitment of a full-time hire.

But what exactly is a fractional executive? How is this different from an interim or outsourced solution? And when does it make sense to go fractional in the first place?

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