CHAPTER SEVENTEENFINANCIAL LEADERSHIP IN NONPROFIT ORGANIZATIONS
Jeanne Bell and Shannon Ellis
*The focus of this chapter is explicitly on public charities, although the concepts will apply to other types of tax-exempt organizations as well. Some of the key themes and concepts presented in this chapter are drawn from the author's book with Steve Zimmerman on financial leadership and strategy, The Sustainability Mindset: Using the Matrix Map to Make Strategic Decisions (2014) and reprinted here with permission.
In the financial realm, there is an important and often overlooked distinction between management and leadership. Financial management is about producing accurate reporting; financial leadership is about interpreting financial reporting ...