How Churches and Non-Profits are Saving for the Future

Churches and non-profit organizations face a unique set of financial challenges. Balancing their mission-driven work with responsible financial management is crucial. Here at Stoneford Advisors, we understand the importance of financial stability for non-profit organizations.

Sustainable financial planning for churches and non-profits involves:

• Understanding your cash flow: Track income and expenses to identify areas for optimization. This can be done more easily with an advisor who understands the process and will guide you to your mission and vision for your organization.
• Developing a budget and sticking to it: Prioritize spending to ensure the resources go towards your mission. This can sometimes seems tedious and time intensive, but when done upfront, the payoff far outweighs the time commitment upfront. This is needed in today’s landscape of non-profit finances.
• Building reserves: Prepare for unforeseen circumstances and ensure long-term financial stability with always having the understanding of where cash flow is and where and how the funds are working int the organization, now.
• Diversifying your income streams: Explore grants, fundraising activities, and planned giving options to stay on mission towards your annual and long term financial goals. Talk with an advisor to come up with ways to create new streams of income that make sense for the stage of your finances today.

Supporting Links:

• NonProfit Finance Fund: https://nff.org/
• Guidestar: https://guidestar.org/default.htm

By establishing sound financial planning practices, churches and non-profits can operate more effectively, secure their future, and continue their vital work within the community.

Stoneford Advisors offers customized financial planning solutions specifically for churches and non-profit organizations. Schedule a free financial review with one of our advisors today by emailing info@stoneford.com. Together, we can build a strong financial foundation for your organization’s future.

Investment advisory services offered through Mutual Advisors, LLC DBA Stoneford Advisors, an SEC registered investment adviser. Stoneford Advisors, nor any of its members, are tax accountants or legal attorneys, and do not provide tax or legal advice. For tax or legal advice, you should consult your tax or legal professional.

Insurance, Tax, Estate, Business Services offered through Stoneford Creative, LLC. No client is required to use Stoneford Creative, LLC. Stoneford Creative, LLC is not affiliated with Mutual Advisors, LLC.