Is your board fiscally fit?
When a board member agrees to serve, they are legally promising to ensure that the nonprofit organization is carrying out its stated mission in a financially prudent manner.
And a board member can’t effectively carry out their duties if they don’t have accurate, timely financial reports.
But what if financial statements look like hieroglyphics to most of the board members? If that’s the case, how can they use them to make sure the nonprofit is financially healthy? And how can they use them to help make decisions in the best interest of the organization?
To help you overcome that issue, we created The Essential Guide to Creating Great Board Packets, a guide to help every board member better understand and use financial reports.