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By Nick Koerbin
Do we have a nomination for the role of Treasurer?
Bob, did I see you raise your hand?
The new volunteer Board for the Association or NFP has been elected, and there is a meeting of the Board to determine who will be the
office bearers, including the role of Treasurer.
How often have I heard the President announce – "Do we have a nomination for the role of Treasurer?
Suddenly, there is silence, and eyes are averted as the President scans the Board, looking for people to nominate for this critical
position.
The latest research undertaken by Association Executive Services
tells us that the Treasurer's role on an NFP board is the hardest to recruit.
I know how daunting it can be when you have been elected as the Treasurer. How do I know this?
I am the Treasurer on the Board of my local business association.
Let me tell you, you don't need to have a Master's in Accountancy to qualify as a Treasurer ( but it would be great if you had someone with
those accounting qualifications)
I certainly don't, but it helps if you can read and understand a profit and loss statement, balance sheet, and cash flow and have a good
relationship with your accountant
All associations, large and small, must be financially sustainable, and the role of the Treasurer is responsible to the Board and the
members to oversee and report on the organisation's financial position at Board meetings and at the Annual General meeting.
For those nominated as a Treasurer for an Association or NFP organisation, I have put together some actions the Treasurer should undertake.
They are:
In particular, the Treasurer should:
What are the secrets to onboarding new members to your Association
The first meeting of an association's Board marks the beginning of a critical working relationship between Board members and the organisation they serve. It sets the tone for governance, collaboration, and strategic direction. A well-structured induction process ensures that new Board members are informed and confident and can contribute meaningfully from day one.
How we help membership based, not-for-profit associations now and into the future.
