How do you monitor your chapters’ finances?
Tax Day has come and gone once again, and we hope your chapters came through relatively unscathed. After all, it’s been a tough year and a half, especially for our volunteers who have not only dealt with unusual challenges in their chapters including the struggle to maintain the bottom line but also challenges in their professional and private lives. With all this mayhem, it’s a wonder we still have volunteers at all.
As we move on to the next “new normal,” this is a good time to see how we can help our chapter leaders alleviate some of the burdens, especially when it comes to handling chapter finances.
The first place to start is knowing what’s happening at the chapter level in a timely manner so we can intervene at the moment of need, not months down the road when it’s too late to act. This can be tricky but vitally important. Access to the right financial data with the right tools in real-time can help you alleviate the financial and administrative burdens–including those dreaded tax filings–on your volunteer leaders so they can spend more time on where they should be focused: their members. It also allows you to readily identify chapters that are struggling financially or mismanaging their finances.
To help you get started, here are some resources on using real-time data to monitor your chapters’ financial and other important items creating a win-win for everyone.
- Turn Your Components into Your Golden Goose
- How Chapter Financial Data Reduces the Volunteer Leadership Burden—and Financial Risk
- Chapter Performance Reimagined: Taking Your Association’s Growth to the Next Level (webinar)
- Chapters– Are they worth the cost? (an oldie but a goodie)
Finally, here’s the question of the day for those of us in the Mid-Atlantic region: Was tax day as scary as the cicada invasion? Time will tell!