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General InterestGenerous Churches

How to Know if Your Church Is Financially Healthy?

By January 23, 2018 No Comments

When church leaders ask questions like this…

  • How much should we keep in cash reserves?
  • How much debt is safe?
  • What financial measures should our church’s leadership monitor each month?

… They’re ultimately asking what makes a financially healthy church?

I found clear, compelling answers from Michael Batts, who is president and managing partner of a CPA firm dedicated exclusively to serving nonprofit organizations and their affiliates – whose website is nonprofitCPA.com. His latest book is titled Nonprofit Financial Oversight: The Concise and Complete Guide for Boards and Finance Committees.

Here’s an 11-minute video interview I recently held with him. More than talking about the book, he offers a lot of practical guidance that applies to churches from really large to really small. Please give a listen:

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Warren Bird

Author Warren Bird

Warren Bird, Ph.D. has been named a Leadership Network Senior Fellow in light of his exemplary service 2006-2018 as Director of Research and Intellectual Capital Development at Leadership Network. He serves as full-time VP of Research for ECFA.org (Evangelical Council for Financial Accountability). An ordained minister with background as both a pastor and seminary professor, Warren is an award-winning author or co-author of 31 books for ministry leaders including Hero Maker with Dave Ferguson, How to Break Church Growth Barriers with Carl George, and Next: Pastoral Succession that Works with William Vanderbloemen. Other recent titles are Better Together: Making Church Mergers Work with Jim Tomberlin, and Wisdom from Lyle E. Schaller. Some of Warren’s recent online reports include "Leadership Network/Generis Multisite Church Scorecard," and "The Heartbeat of Rising Influence Churches." See also research reports at leadnet.org/megachurchleadnet.org/salary and leadnet.org/portable. He is widely recognized as one of the nation's leading researchers of megachurches, multisite churches, large church compensation and high-visibility pastoral succession. He also oversees the world's only active, sortable list of global megachurches. Follow him on Twitter @warrenbird.  Click here to subscribe to Leadership Network Advance to get updates from Leadership Network.

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