In this era of increased scrutiny of financial performance and reporting, greater accountability to the public trust, and rapid growth in the size and complexity of individual organizations, many nonprofits are focusing on the chief financial officer (CFO) function. What exactly are the roles and responsibilities of the nonprofit CFO? What unique challenges do nonprofit CFOs face and what are their keys to success? How do the challenges and success factors vary depending on the size and type of organization? Bridgestar explored these questions with 25 nonprofit CFOs representing a variety of sub-sectors, budget sizes, funding sources, organizational growth stages, and geographies.
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