Why mission always reigns supreme
By Chris Mennel, senior audit manager, Alerding CPA Group
Think for a moment about starting a restaurant. As an owner, you have to worry about borrowing money from a bank, hiring employees, creating a menu, setting prices, paying bills and an endless list of other tasks. But if the food doesn't taste great and the experience isn't enjoyable, then the restaurant is never going to make it.
Nonprofits follow a similar trajectory. There are so many important aspects: fundraising, board governance, succession planning, fraud prevention and the list goes on. But if the mission is not sound, it's never going to work.
As a CPA firm that works extensively with nonprofits, we often make recommendations centered on the aspects mentioned above. We advise that your organization can't take your eyes off of them or else you'll be caught off guard. But across many different parts of the sector, we've seen nonprofits benefit from renewing focus on their mission.