Jul '25 • General discussion
Succession Planning for Non-Profit Finance Leaders — Is Your Organization Ready?
Leadership turnover is inevitable — but disruption doesn’t have to be.
Over 60% of non-profits don’t have a formal succession plan, especially for key finance roles like CFOs, Controllers, or Finance Directors.
That’s a risk most organizations can’t afford.
This week in our community, we’re spotlighting why finance succession planning matters and what your organization should be doing right now.
💡 Why You Should Care:
Your finance leaders oversee compliance, audits, donor and grant reporting — and often hold vital financial and operational knowledge. If they left tomorrow… would your team be prepared?
5 Must-Have Elements of a Finance Succession Plan:
1️⃣ Identify critical finance roles.
2️⃣ Document core responsibilities — think reporting, compliance steps, key systems access.
3️⃣ Cross-train your team and assess internal talent.
4️⃣ Have an emergency coverage plan.
5️⃣ Review and update the plan every year.
📌 Quick Win: Start by documenting your monthly close process — it's simple but essential for transition readiness.
The Cost of No Plan?
🔻 Audit delays
🔻 Missed grants or deadlines
🔻 Loss of donor trust
🔻 Team burnout
At Smith CPAs & Associates, we help non-profits strengthen their finance operations with:
✅ Finance department reviews
✅ Succession planning consulting
✅ Interim CFO/Controller services
Your mission is too important to stall over a leadership gap.
Let’s build your plan — together.
📩 Email: shaun@smithcpasassociates.com
🌐 Website: www.smithcpasassociates.com
1
0 comments
Succession Planning for Non-Profit Finance Leaders — Is Your Organization Ready?
powered by
skool.com/non-profit-accounting-tax-2309
Expert guidance for Non-Profits on financial management, tax compliance, & sustainable growth to enhance your organization’s impact & mission success.
Suggested communities
Powered by