Confusing reduced expense with an improved cash flow
Topics: process consulting, nonprofit leadership, financial management confusion, financial confusion, organizational development consulting, financial management, Mark L. Vincent, Design Group International, organizational design, cash flow statements, financial confusion of nonprofit leaders
My remaining blog posts in 2011 are going to touch on 4 confusions that infect nonprofit leaders when it comes to nonprofit financial management. We find them everywhere we turn in our consulting practice--especially among gifted executive directors, faithful board members and departmental managers. Yes, even CFO's who are good at what they do can share in the confusion.