“I wish we were more transparent about our finances.” For almost every problem congregations face, transparency is one proposed solution. Treasurers and business managers—who work hard to produce honest, accurate reports—often are surprised by the implication that they’re hiding something. Transparency is good, but flooding people with more data rarely solves the problem. True transparency requires a plan to give financial information to each of four distinct audiences.
Wherever I go in my consulting work I ask, “How do you keep track of membership and financial data?” More times than not the answer is, “We use (whatever software vendor) but it doesn’t really work all that well for us.” Since managing financial and membership data effectively is crucial, how can we avoid this all-too-common problem in the lives of congregations?
by Sarai Rice Today, I’m talking to the 95% of you who think IRS rules are not as interesting as biblical texts or pastoral visits. You may be right 🙂 ! However, not caring about IRS rules could cost your congregation time and money. Let’s start where I started this week—with a religious body that …
Recently I’m working on a pair of projects on opposite ends of the congregational survival spectrum. One project is a survey of the vulnerability of Philadelphia’s “sacred places.” The other is a freelance writing gig for Association Reserves, a company that does “capital plans” for various nonprofits, including congregations. The Philadelphia project is about the ever-looming threat of congregational closure, while capital plans are all about sustainability and thriving. Sometimes the contrast makes me dizzy!
by Sarai Rice
I’ve just started serving on the Finance Committee for a local faith-based group, and I’ve realized that years of external audits have taught me some things that other ministers don’t necessarily know. So, below are the answers to a few recent questions about audits.
by Sarai Rice
If the “cost” of something is “the price paid to acquire, produce, accomplish, or maintain it,” and calculating it is going to require manipulating numbers, then I’m pretty sure your first instinct when reading this article’s title was to run for cover! We’re just emerging from the glow of Christmas and the sparkle of the New Year. Who wants to talk about math or money? (read more)