What is the CFO of a nonprofit called?

The CFO of a nonprofit organization is typically referred to as the Chief Financial Officer, just as in for-profit companies. However, some nonprofits may use alternative titles for this role, such as Director of Finance or Financial Manager, depending on the size and structure of the organization. The primary responsibility of a nonprofit CFO is to oversee financial planning, budgeting, financial reporting, and resource allocation, ensuring that the nonprofit uses its funds efficiently to support its mission. In many cases, the CFO also manages the nonprofit's accounting team, handles tax compliance, and ensures adherence to nonprofit regulations and grant requirements.

In addition to the traditional duties of a CFO, the financial leader of a nonprofit must also focus on maintaining transparency and building trust with donors, stakeholders, and the public. This includes preparing detailed financial reports, managing fundraising efforts, and ensuring that funds are spent according to donor intentions and nonprofit goals. The nonprofit CFO plays a pivotal role in financial stewardship, helping the organization stay financially sustainable while continuing to fulfill its social and community-driven objectives. Whether called a CFO, Director of Finance, or another title, this role is essential for the success and accountability of nonprofit organizations.