Too many nonprofit leaders quietly avoid their own finances, trusting that a clean audit or a capable CPA means everything is handled, and that blind spot can put a mission at real risk. In this episode, Patton talks with Sean Hale, founder of Nonprofit CFOs, who busts five money myths that hold organizations back: that the audit has them covered, that finance is the CPA’s job, that nonprofits aren’t supposed to make a profit, that confusing financial reports are just part of the territory, and that you say yes to whatever a funder asks.

In this episode of Let's Talk Wilco, we're joined by Sam Smith, Executive Director of the Georgetown Neighborhood Food Project, and Sean Hale, Nonprofit Finance Consultant with Nonprofit CFO, for a candid conversation about what actually belongs in an ED's lane, and what doesn't.

What kind of nonprofit leader are you? A do-gooder? A nonprofiteer? Or a “key employee?” Each type has important implications for your success and the success of the mission that you serve.

The most successful executive directors take an active role in their nonprofit’s financial strategy. They don’t have to be a CPA or start doing the CPA’s job, but they do need to have basic financial literacy in order to effectively participate in financial decisions.

A fractional CFO can help transform a nonprofits impact from good to great.

VIDEO: Do you have to make difficult budget decisions this year? The matrix map can make it quicker and easier!