{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Scaling Impact","title":"Dollars & Sense: Revitalizing Nonprofit Finance","html":"","width":"100%","height":180,"duration":2525,"description":"Decoding into the world of nonprofit finances with expert Sean Hale! Discover essential strategies for financial resilience and the pitfalls of the overhead myth, as Sean unpacks decades of wisdom. Plus, learn how embracing financial literacy can empower your organization's success. Tune in for revelations that can reshape your nonprofit's fiscal approach.Here are a few topics we’ll discuss on this episode of the Scaling Impact Podcast.Overcoming the overhead mythImportance of financial literacyEmbracing strategic investmentsNonprofit audit preparation tipsRecognizing the value of tech upgradesResources:Nonprofit CFOsDevNoodlePodcast ChefNxtStepConnect with Sean Hale:LinkedInConnecting with our hosts:Josh Hoffman - LinkedInAlex Garashchenko - LinkedInSean Boyce - LinkedInQuotables:39:29 - They're absolutely gonna be looking out for the organization's best health as if they were the full-time CFO, right? And so if they see that something's not quite right, at minimum they're gonna raise it with the executive director, right? Like I'm concerned that you have a lot of turnover, and I see that you're paying well under market rates. You know, should we have a conversation about that? Or I'm concerned that you're, we have kind of all of saying, you know, I looked at inventory, and the computers that you're using are all like five and six years old. Can we have a conversation about that? Or, I see that your basic back-office accounting-type processes haven't been documented. This is a real risk and a vulnerability for the organization because you have just one person that knows how to run payroll.42:42 - I would add is financial literacy for every leader in the organization is really important. There are myths around that. There are myths that like, oh, I'm no good at math and I'm no good with numbers, and they've always bothered me, and besides our CPA has that or whatever. And that's baloney. And your organization, if you are a leader, you're setting yourself up for...","thumbnail_url":"https://img.transistorcdn.com/66Z-JkzyaQve51NguBCteHZdh4LBbMmJS4LNGtPEwTw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzMzOTY0LzE2NjI3/MjAyMzQtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}