Financial Management for Nonprofits: The Role of the Nonprofit Finance Committee
Written by Michelle Sanchez for the Nonprofit Leadership Center, this blog post breaks down the nature and responsibilities of a nonprofit finance committee and offers some questions for nonprofit organizations to consider as they assemble one.
“One of the most common mistakes nonprofits make is not having a nonprofit finance committee with members who have the right mix of knowledge and experience in nonprofit financial management.
“The ideal size for a nonprofit finance committee depends on the size of your organization but generally consists of three to five members. When establishing your finance committee, it is essential to have someone with financial expertise who can evaluate the overall health of your organization.”
