Nonprofit Blog

Welcome to the Nonprofit Blog hosted by the professionals at Armanino, CPAs & Consultants. This blog is set up to inform nonprofit organizations of trends, rule changes, best practices and free educational offerings that we have built to support nonprofit organizations. Our professionals bring you their insights from an accounting and organization perspective to help nonprofits reach their goals. We support our clients with advice, direction and best practices.

Thursday, July 21, 2011

2011 Nonprofit CFO Findings

Posted by Armanino Nonprofit Team

Our 2011 CFO Evolution Nonprofit Benchmarking Survey revealed a number of findings related to the current state of Bay Area Nonprofit CFO organizations as well as the future aspirations of nonprofit CFOs. One in particular is the major challenges currently facing nonprofit organizations, including revenue generation, declining membership/student population and expense management. A recurring theme throughout the responses is that the nonprofit CFO organization is spending more time than preferred in the accounting role versus working on the strategic direction of the organization.

Below is the finding from our survey regarding the significant risks currently facing organizations in mission achievement.

To read the full report from our survey, please visit our website at the link below:
https://www.armaninollp.com/about-us/cfo-evolution/item/424-benchmark-survey

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