It might seem to many who labor in the nonprofit trenches that too many decisions are made with money rather than mission, or employees, or anything else, in mind.
During the recent AICPA Not-For-Profit Executive Forum, executives Lori Fogarty, Emily Hall and Enrico Hernandez, in a session moderated by Hilda Polanco, said that the financial voice is not the only or even the first heard in nonprofit discussions. Fogarty is executive director of the Oakland Museum of California. Emily Hall is president and chief executive officer of Olive Grove, Belmont, Calif. Hernandez is director of the institutional support center of the Oakland Museum of California and Polanco is founder and managing director, Fiscal Management Associates in New York City.
They said that it is necessary and possible to elevate the financial voice in nonprofit strategy development. To do that, they suggested the following:
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