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* 1. Responsibilities and Structure:

Who is on the committee, and what are its responsibilities and goals?

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* 2. What's the committee’s vision, and how can the board stay informed about the organization's financial health?

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* 3. Challenges and Improvements:

What challenges or barriers does the committee face, and what helps move progress forward?

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* 4. Is there a clear way to track the progression of programming and its finances?

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* 5. Collaboration and Vision:

Which committee(s) should the committee collaborate with, and what questions would they like to ask them?

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* 6. How does the finance committee work with the programming committee on expenditures, and how is it different from the development committee?

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* 7. Can a separate grant and appeal writing committee be established, and who would be ideal for it?

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* 8. Funding and Policies:

How much annual funding is required to run the center, and how much additional funding would be beneficial?

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* 9. What would a part-time director cost, and does the committee have grant-writing connections?

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* 10. What's an acceptable annual growth rate, and what are the center's financial goals as per this committee?

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* 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)?

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* 12. How much of the center’s operational needs are covered by donations and programming, and what budget characteristics appeal to grant-givers?

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* 13. What percentage of self-sustainability should programming aim for, and when should an external audit be considered?

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* 14. Success and Leadership:

What materials should be available at board meetings for financial review?

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* 15. What budget is needed to meet the committee's goals, and does participation align with members’ original vision?

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* 16. What successful ideas have been implemented, and is an executive director required for the committee’s vision?

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* 17. What's your vision for the finance committee?

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* 18. Stability and Risk Management:

How does the committee set up risk management protocols to safeguard the organization's financial health?

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* 19. How does the committee ensure long-term financial stability through diversified revenue streams?

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* 20. 1. Are there any emerging financial trends or risks the committee should address?

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* 21. How can the committee identify and mitigate non-financial risks that might indirectly affect financial stability?

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* 22. Reporting and Transparency:

How does the committee promote financial literacy among board members and stakeholders?

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* 23. What strategies could make the organization's financial reporting more comprehensive and understandable for stakeholders?

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* 24. Cost Management and Growth:

What innovative cost-saving measures could improve the organization's overall efficiency?

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* 25. How can the committee balance immediate financial needs with long-term investments for growth?

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* 26. What financial models can help the committee forecast future trends and allocate resources more effectively?

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* 27. How can the committee leverage financial benchmarking data to identify improvement areas in the organization?

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* 28. How does the committee structure its financial policies to allow flexibility without compromising control?

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* 29. What internal processes could speed up and improve financial decision-making accuracy?

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* 30. How can the committee optimize cash flow management to ensure the nonprofit has enough reserves for future initiatives?

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* 31. What role does the finance committee play in ensuring the organization maintains a good credit rating or access to credit?

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