When is the best time to hire a Fractional Nonprofit CFO?

The best time to hire a fractional CFO for a nonprofit organization is generally when
leadership feels like they aren’t getting answers to the big questions they have about
their organization. Some of these questions include:

How do we best support the growth of our organization? As your nonprofit grows,
financial transactions become more complex, necessitating a higher level of financial
oversight and strategic planning that a fractional CFO can provide.
How can we create a budget that will help us make strategic decisions? When your
organization requires sophisticated budgeting, financial forecasting, and strategic
planning to ensure sustainability and growth, a fractional CFO can customize a
budgeting model to do just this.
How can we best manage our revenue recognition? If your nonprofit relies on
multiple revenue sources, including grants and donations, a fractional CFO can help
manage compliance, reporting, and accountability requirements to meet funder
expectations.
How can we manage through an organizational challenge? During periods of
financial difficulty or transition, such as economic downturns, leadership changes, or
major projects, a fractional CFO can provide the expertise needed to navigate these
challenges.
Where can we find audit support? If your nonprofit is preparing for an audit or needs
to improve internal controls and financial reporting, a fractional CFO can guide you
through these processes and ensure compliance with regulatory requirements.
How can we afford senior level accounting support? When you need expert financial
guidance but cannot justify the cost of a full-time CFO, a fractional CFO offers a cost-
effective solution, providing high-level expertise on a part-time basis.

By bringing in a fractional CFO at these critical times, your nonprofit can benefit from
expert financial leadership without the commitment of a full-time hire. Fractional work is
focused, specific, and extremely cost-effective.

Please reach out to Lorin at One Abacus Advisory for a free consultation.

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What Our Clients Say

Hear What Our Clients Are Saying About Lorin

As an Industry Partner for FARE Idaho, Lorin was instrumental in helping our food, agriculture, restaurant, and beverage establishments apply for and receive government incentives provided during the COVID-19 pandemic. Without her knowledge, energy, and expertise, many of our members might not have made it through this difficult time. On behalf of all of us at FARE Idaho, we owe a debt of gratitude to Lorin for her support during one of the most challenging times our industry has faced.

Rocci Johnson

Board President FARE Idaho

Lorin has an unmatched breadth and depth of knowledge and experience in nonprofit financial management, coupled with a warm, comfortable, and approachable personality. I’ve referred many very happy clients to Lorin over the years, and will continue to do so, without hesitation!

Steve Doud

Vice President of Sales Jitasa

Lorin Port joined The Grauer School/Grauer Foundation for Education in 2008 when our Finance Committee was attempting to reorganize and upgrade our finance team. Lorin whipped our financial reporting into shape and provided us with the tools necessary to make decisions about our school’s future. Her extraordinary financial intelligence and broad skillset add insight and perspective into critical decisions that make our school a special place for students to thrive and teachers to succeed.

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