In today's episode, we dive deep into the financial intricacies of running a nonprofit with our expert guest, Stephanie Skryzowski. As a CPA and fractional CFO specializing in the nonprofit sector, Stephanie brings a wealth of knowledge about the unique challenges and opportunities that nonprofits face. From debunking common myths about nonprofit finances to providing actionable advice on managing cash flow, fundraising, and compliance, Stephanie sheds light on the vitally important but often misunderstood financial side of nonprofit management. Whether you're an entrepreneur considering starting a nonprofit or a seasoned nonprofit leader seeking ways to optimize your financial strategy, this episode is packed with insights to help you grow your impact and your bottom line. Join us as we uncover the essential financial practices that can take your nonprofit to the next level.

 

Stephanie Skryzowski is a visionary Chief Financial Officer who helps nonprofit leaders better understand and use their numbers to make smart decisions to grow their bottom line and their impact. She is the Founder and CEO of 100 Degrees Consulting which provides financial strategy and bookkeeping services to nonprofits around the globe.

 

LinkedIn: https://www.linkedin.com/in/stephanieskryzowski/

Instagram: https://www.instagram.com/stephanie.skry

Business Instagram: https://www.instagram.com/100degreesconsulting/ 

Website: https://100degreesconsulting.com/ 

Stephanie’s forecasting template: https://100degreesconsulting.com/cash 

List of the best tools for nonprofits: https://100degreesconsulting.com/tools 

 

What you'll hear in this episode:

05:15 Transitioned from law to nonprofit accounting career.

07:40 Embracing change, seeing opportunities beyond comfort.

10:53 Excited to learn and debunk nonprofit myths.

14:34 Nonprofit funding often comes with restrictions.

16:33 Cash flow affects talent, mission, and survival.

20:41 Discrepancy in cash and accrual accounting explained.

 

If you like this episode, check out:

Takeaways from Steps for Success with Junior Achievement

What's the Best Way to Pour Money Into Your Business?

Introducing Money to Kids: Where Do You Start?

 

Want to learn more so you can earn more?

CFO Power Session: https://www.keepwhatyouearn.com/power-sessions

Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

 

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.