CFOs Get Comfortable With Thin Margins | Exempt Magazine

CFOs Get Comfortable With Thin Margins | Exempt Magazine: CFOs Get Comfortable With Thin Margins
By Paul Clolery - May 9, 2013

Chief financial offices at nonprofits appear to be feeling a lot like the scarecrow in The Wizard of Oz, pointing in both directions when asked a series of questions. Many describe their organizations’ overall financial health as good, yet have reserves of six months or less.

It appears that chief financial officers have become more comfortable running very, very close to the edge.