To help you know what to expect if you attend the upcoming 2011 Financial Forum for Ministries, I’ve interviewed each of the presenters to find out what they’ll be covering. First up is David Lee, ministry development officer with ECCU. His session is titled, “How to Measure and Communicate the Financial Health of Your Ministry.”
MBG: How will your presentation help attendees better serve their ministries?
David: My main objective is to be a catalyst. I’ll encourage those who attend to begin identifying key ministry and financial metrics that should be measured and who they should communicated to.
MBG: What are three important takeaways attendees will learn during your presentation?
David: First would be a clear understanding of why it’s important for every ministry to measure and communicate their financial condition. Second would be some sample metrics (ministry and financial) that ministries tend to measure. Finally, people will walk away with a better understanding of the kinds of dashboards ministries use to communicate financial information to different stakeholders.
MBG: What is one suggestion you’d offer to help attendees gain the most from this learning experience?
David: Take advantage of the opportunity to talk with the experts who are there, both presenters and people from other ministries. At ECCU, for example, we have expertise identifying and evaluating financial metrics. John Butler with CapinCrouse has expertise in non-profit tax issues. And ministry peers have experience with many of the same issues you deal with every day.
MBG: What do you think are the biggest challenges facing ministries today?
David: For many it’s limited financial and human resources to pursue their missions. For others it’s ongoing economic uncertainty. They’re wondering how long the recession will continue to impact their ministries, which is making it difficult to budget and plan for the future.
What is the biggest challenge you face regarding the financial health of your ministry?