Budgeting and Reporting for Non-Profits

Non-Profits have many unique characteristics in how they generate revenue, cultivate “customers” (or donors) and provide services. But they have a lot in common with for-profit businesses too, including the need for accurate budgeting and reporting. In today’s episode Tim Domino, who’s spent his career helping manage financial functions in the non-profit space, joins us to talk about some of these unique characteristics and what non-profits should do first, better or differently to optimize for success. From preparing to audits to presenting the right information to the right audiences, Tim shares specific advice on the kinds of strategic guidance non-profits should look for from their financial partners, and why fractional expertise is often a smart way for non-profits to go.