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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When a Public Company CFO Leaves: Why “Now” is the Only Acceptable Timeline for Bringing in a Replacement

CFOs at private companies may come and go with little fanfare or long-term damage to the organization. But the sudden departure of a chief financial officer from a publicly traded company can send a tidal wave of worry through investors, employees, and stakeholders alike.

The CFO is the financial compass, the strategic partner, the place where the buck stops when it comes to fiscal responsibility and reporting.

And when the CFO role at a public company is vacant, the urgency to fill the void is paramount. “Later” simply isn’t an option. Let’s delve into why a public company needs a strong CFO, and needs them now. And then we’ll explore why many companies turn to an experienced interim CFO to bridge the gap​.

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