This piece helps define the role as financial leader, person running a nonprofit business in a way that balances the organization’s deep passion for mission with a pragmatic concern for the role of money in accomplishing that mission.

It shows how to use finance as a tool for protecting and growing your nonprofit’s assets, so that an organization can accomplish as much mission as possible with those resources.

The authors, Peters and Schaffer, note four essential components of financial leadership:

1) Ensuring that decision makers have timely and accurate financial information

2) Using that data to assess the financial condition of your organization’s activities

3) Planning that involves meaningful financial goals

4) Communicating progress on these goals to staff, board, and external stakeholders.