Boost Your Staff's Financial Savvy

Boost Your Staff's Financial Savvy

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At the Alliance of Arizona Nonprofits, staff get financial training through outside organizations, as well as the association’s own finance-focused training for its members. CEO Kristen Merrifield, CNAP, CAE, also passes along articles and other resources that she thinks might be helpful, and she goes over the budget at every staff meeting. “It’s a document that’s always in front of us,” she says.

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In smaller organizations, Merrifield says sometimes all the financial responsibility falls on the CEO. “I think that’s a disservice to our teams—how else can we give them ownership and allow them to understand how the work that they’re doing flows up into the overall success or demise of the organization?” she says. “Your team is your most valuable asset, and you need them to take ownership in order to be most successful.”

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