1.Responsibilities and Structure:

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

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

3.Challenges and Improvements:

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

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

5.Collaboration and Vision:

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

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

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

8.Funding and Policies:

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

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

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

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)?

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

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

14.Success and Leadership:

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

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

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

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

18.Stability and Risk Management:

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

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

20.1. Are there any emerging financial trends or risks the committee should address?

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

22.Reporting and Transparency:

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

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

24.Cost Management and Growth:

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

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

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

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

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

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

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

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