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Cash reserves are key to your church’s financial health
By Mark Jones Churches these days receive regular reminders of the need to take stock of their financial health. For some it’s more stringent loan requirements when they talk with lenders about...
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How to use financial controls
By Jac La Tour Churches often see media coverage as a great way to get the word out about their ministry. But if a headline about your church includes words like fraud, embezzlement, or...
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How to reduce health care costs with taxes
By Frank Sommerville Frequently ministers complain about rising health insurance costs. This cost is expected to continue rising. While I cannot do anything about these rising costs, there are several...
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Know the true meaning of stewardship
By Dave Briggs As a stewardship pastor I have often been asked why so few churches are investing in a comprehensive stewardship ministry. It’s a great question considering the emphasis the Bible places...
View ArticleIt’s no longer your father’s capital campaign
By Ben Stroup How technology and communications are changing church fundraising. Church capital campaigns are hardly a new concept. For nearly half a century, pastors and their congregations have...
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When to change your auditor
By Vonna Laue Should you change audit firms? If so, when? Neither not-for-profit nor public companies are required to change firms at set intervals. Also, while there are times when it may be...
View ArticleWho’s watching the funds?
By Eric Spacek Embezzlement happens far too often, as churches are naturally trusting. While a church’s ministry often refers to its worship services, activities and community outreach programs,...
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Take advantage of low rates
By Dan Mikes In recent months the Federal Reserve has been uncommonly explicit regarding their intentions to hold interest rates low for the next couple of years. While this is hard on savers it...
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Megafinancing issues for megachurches
By John Berardino Some lenders want a say in how the church is managed and organized. Megachurches are usually defined as having 2,000 members or more, but when it comes to financing, a mega loan is...
View ArticleWhy churches need financial controls
By Vonna Laue Trust, but verify when staff and volunteers handle funds. As an auditor I often write and speak on the topic of internal controls and the importance of protecting the church from fraud....
View ArticleDebunking the myth of interest rate swaps
By Dan Mikes The product is not the esoteric mystical instrument that some paint it to be. Over the last couple of years a few articles have been written on the subject of interest rate swaps. Some...
View ArticlePolicy governance: Adapt or adopt?
By Don Green The well-regarded Carver governance model can work for churches. Policy governance was created by John Carver in the 1970s and is described in his book, Boards that Make a Difference,...
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How to raise megabucks
By Rez Gopez-Sindac When Dr. Robert Jeffress became the senior pastor of First Baptist Dallas in Dallas, TX, one of the things he set out to do was reinvent the 145-year-old downtown church. First...
View ArticleFinancial health? Check.
By Sarah Thompson At my annual checkup, the doctor ordered a number of blood tests. I didn’t think much about it until a copy of the test results arrived in the mail. The report had a lot of numbers...
View ArticleCash flow concerns?
By Mark Winterroth A few years ago, I encountered an all-too-familiar problem with a church client: It was using cash reserves to supplement decreasing tithes and offerings. Although the church’s...
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Funding the vision — even in a struggling economy
By Rez Gopez-Sindac Essentials for running a successful capital campaign, regardless of the economic climate. When it comes to raising substantial funds for ministry expansion, church leaders and...
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The church finance climate
By Dan Mikes As the economy has gradually improved over the past few years, we have seen improvement in the financial health of religious institutions in terms of contributions, net cash flow and cash...
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New normal realities: religious financing, compensation/benefits &...
By RaeAnn Slaybaugh At a Church Executive live roundtable, high-level religious financing, compensation/benefits and fundraising experts surveyed the landscape surrounding these key areas of church...
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New normal realities: religious financing, compensation/benefits &...
By RaeAnn Slaybaugh At a Church Executive live roundtable, high-level religious financing, compensation/benefits and fundraising experts surveyed the landscape surrounding these key areas of church...
View ArticleKeep it in the fairway
By Mark Thomas Some fundamental “mechanics” can help a religious organization determine if it’s prepared to borrow. There seems to be a recurring question in the religious community: Is this a good...
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