Who can I turn to for advice, guidance, and support?
In our interviews with nonprofit CFOs, many suggested auditors as an important source of advice and guidance. A few mentioned that a part-time consultant can be a particularly helpful source of coaching, especially for CFOs who do not have formal accounting backgrounds or who are transitioning from the for-profit to the nonprofit sector. The CFOs also suggested board finance committee members as a good source of advice and support and recommended networking with other CFOs of similar-sized organizations with similar revenue complexity.
