The Financial Professional’s Role on a Nonprofit Board by Jonathan D. Moll, CPA – Director of Nonprofit Services – was published in the Accounting for Success Column of the Winter 2022 issue of Delaware Banker (Delaware Bankers Association)

[Excerpt]

Financial acumen is the hot commodity sought after by governing boards of nonprofit organizations (NPO). If you are a financial professional working in Delaware, there is a good chance you have been approached by a leader of a local NPO to volunteer your time for a worthy cause. If you accept that invitation, your transition into the treasurer’s role usually begins immediately. All community leaders with a business background have a skill set that positively contributes to governing an NPO. However, the unique environment that NPOs operate in requires a few areas of specialized knowledge. Based on my experience as a board member, and from working directly with NPO boards in a professional capacity, treasurers should strive to become well-versed in the following five areas:

• Managing Liquidity
• Complying with Financial Reporting Requirements
• Complying with Tax Reporting Requirements
• Managing Risk
• The Board Interpreter

Read the full article here in Delaware Banker: The Financial Professional’s Role on a Nonprofit Board