Top Pain Points for Growing Charities (That a Fractional CFO Can Solve)
1. Audit Anxiety
You’ve hit the audit threshold and need to prepare financials that can stand up to external scrutiny—but your internal systems feel disorganized or underdeveloped.
2. Unclear Financial Picture
You’re not sure where you really stand month to month—how much unrestricted cash you actually have, or whether your programs are financially sustainable.
3. Donor Pressure for Transparency
Major donors and foundations are asking tough questions. You need to provide clear, confident financial reporting that builds trust and demonstrates impact.
4. Inconsistent Cash Flow
Income is seasonal or tied to grants, and it’s hard to plan payroll, program delivery, or new hires with confidence.
5. Restricted Funds Confusion
You have multiple funding sources—some restricted, some not—and it’s becoming difficult to track compliance or avoid unintentional misuse.
6. Executive Director Overload
Your ED is wearing too many hats, often acting as de facto CFO without the training or time to manage finances at a strategic level.
7. Lack of Financial Forecasting
Budgeting happens once a year, and no one is updating projections mid-year. You’re flying blind when it comes to planning for growth or downturns.
8. Board Engagement Gaps
Your board wants to support and govern well, but they’re not getting the kind of financial reports or analysis that help them do that effectively.
9. System Silos or Spreadsheets Gone Wild
You’re using outdated systems or manually updating spreadsheets—and it’s hard to trust the data or scale operations with confidence
10. Can’t Afford a Full-Time CFO
You need high-level financial leadership, but you can’t justify (or afford) a six-figure salary. You’re stuck between under-supported and over-budget.
Ready to Get Clarity?
At GoodBookkeeping.com, our Fractional CFOs specialize in helping nonprofits like yours move from financial stress to financial strategy. Whether you’re preparing for an audit, navigating donor expectations, or just need someone to make sense of the numbers—we’re here to help.
You’ll get executive-level financial leadership without the full-time price tag—from professionals who understand both the mission and the margins.