Nonprofits Need to Focus on Long-Term Financial Planning

Episode Summary

Thomas Jenkins directs the finance and accounting work at more than a dozen nonprofit clients, overseeing monthly financial reporting, the preparation of annual budgets, and audit preparation. He also serves as CFO for three client organizations.

Tom discusses the importance of looking beyond the typical 12-month budget cycle to a 3-5 year planning period. This is now critical because of the changing revenue streams for nonprofits brought about by COVID.