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: