WPFC Strategic Planning Questionnaire: FINANCE COMMITTEE Question Title * 1. Responsibilities and Structure: Who is on the committee, and what are its responsibilities and goals? Question Title * 2. What's the committee’s vision, and how can the board stay informed about the organization's financial health? Question Title * 3. Challenges and Improvements:What challenges or barriers does the committee face, and what helps move progress forward? Question Title * 4. Is there a clear way to track the progression of programming and its finances? Question Title * 5. Collaboration and Vision:Which committee(s) should the committee collaborate with, and what questions would they like to ask them? Question Title * 6. How does the finance committee work with the programming committee on expenditures, and how is it different from the development committee? Question Title * 7. Can a separate grant and appeal writing committee be established, and who would be ideal for it? Question Title * 8. Funding and Policies:How much annual funding is required to run the center, and how much additional funding would be beneficial? Question Title * 9. What would a part-time director cost, and does the committee have grant-writing connections? Question Title * 10. What's an acceptable annual growth rate, and what are the center's financial goals as per this committee? Question Title * 11. How much funding is too much for the center as a nonprofit, and is the "checks and balances" process clear (e.g., who can issue checks and who can't)? Question Title * 12. How much of the center’s operational needs are covered by donations and programming, and what budget characteristics appeal to grant-givers? Question Title * 13. What percentage of self-sustainability should programming aim for, and when should an external audit be considered? Question Title * 14. Success and Leadership:What materials should be available at board meetings for financial review? Question Title * 15. What budget is needed to meet the committee's goals, and does participation align with members’ original vision? Question Title * 16. What successful ideas have been implemented, and is an executive director required for the committee’s vision? Question Title * 17. What's your vision for the finance committee? Question Title * 18. Stability and Risk Management:How does the committee set up risk management protocols to safeguard the organization's financial health? Question Title * 19. How does the committee ensure long-term financial stability through diversified revenue streams? Question Title * 20. 1. Are there any emerging financial trends or risks the committee should address? Question Title * 21. How can the committee identify and mitigate non-financial risks that might indirectly affect financial stability? Question Title * 22. Reporting and Transparency:How does the committee promote financial literacy among board members and stakeholders? Question Title * 23. What strategies could make the organization's financial reporting more comprehensive and understandable for stakeholders? Question Title * 24. Cost Management and Growth:What innovative cost-saving measures could improve the organization's overall efficiency? Question Title * 25. How can the committee balance immediate financial needs with long-term investments for growth? Question Title * 26. What financial models can help the committee forecast future trends and allocate resources more effectively? Question Title * 27. How can the committee leverage financial benchmarking data to identify improvement areas in the organization? Question Title * 28. How does the committee structure its financial policies to allow flexibility without compromising control? Question Title * 29. What internal processes could speed up and improve financial decision-making accuracy? Question Title * 30. How can the committee optimize cash flow management to ensure the nonprofit has enough reserves for future initiatives? Question Title * 31. What role does the finance committee play in ensuring the organization maintains a good credit rating or access to credit? Done