It’s important that your nonprofit board members, executives, and management staff have a solid understanding of your financial statements to successfully plan for the future, build capacity, and prevent loss or fraud. Learn from Todd L’Herrou, Director of Accreditation at Nonprofits First, with our FREE webinar on-demand – Your Guide to Nonprofit Financial Statements.
Learn more about Todd, his experience working with nonprofits, and his top tip for organizing financial documents below!
1. What do you like most about working with Nonprofits?
Todd L’Herrou: The opportunity to extend my reach in helping others do good in the community.
2. What was your first experience with Nonprofits?
Todd L’Herrou: At 17, volunteering for a rural rescue squad / ambulance organization. This was quickly followed by volunteering for a wilderness search and rescue (SAR) organization; I was a board member of the local SAR organization by the time I was 21.
3. What's your biggest tip for preventing loss or fraud?
Todd L’Herrou: Let employees know that people are watching!
4. What do you suggest for nonprofit employees who need help organizing their financial statements?
Todd L’Herrou: Nonprofit organizations sometimes under-staff and under-fund the “back office” functions that are critical to any organization. Make sure you have staffing and administrative support appropriate for the size of the organization, and make sure they get continuing education.
5. What's one fun fact about yourself?
Todd L’Herrou: I won’t quite hit having read 100 books (a mix of fiction and non-fiction) [in 2021], but that’s only because all the other fun things I do got in the way. Yet somehow no one ever wants to believe that I am actually an introvert!
If you’d like to learn more about nonprofit financial statements, stream our webinar on-demand now.
