Being the CFO to a non-profit organization has its own challenges: an organization whose objectives are not driven by the bottom line, often with tight budgets, and governed by a board which is often comprised of dedicated volunteers and community leaders, must march to a very different pace and objective than a for-profit company. Regulatory, tax and legal requirements are very different, all of which require a deft hand on the financial tiller while still managing the enterprise in a responsible and uncompromising manner for all constituents.
FLG Partners has considerable experience serving the special needs of non-profits, and we look forward to serving yours.
What Our Clients Say
“I was so pleased to work with FLG Partners at Institute for the Future. Frank Tsai, the partner we used from FLG, is the best nonprofit finance executive and advisor that I have come across in my 20 years in the NFP world. Frank is strategic, fast (had a rapid understanding of our business) and organized (think high value). He can quickly access what is important and what’s not. Finally, Frank brings years of experience to the table from working with a variety of nonprofits of different scales and configurations. He understands everything from strategy and modeling down to the detailed work of NFP accounting, compliance, taxes, audits, legal, and NFP protocols and standards. I wouldn’t hesitate to work with Frank (and FLG) again.”Jean Hagan, Executive Producer, Institute for the Future
As a multi-entity complex senior services and healthcare organization, we were looking for an interim CFO to help us with what we anticipated would be a six-month transition. Frank Tsai was a great fit with our agency and a wonderful partner to the CEO and other C-level leaders. The totality of his extensive healthcare finance expertise allowed him to hit the ground running to support the complexity and breadth of services for our organization. As interim CFO, Frank significantly enhanced our planning and financial processes, enabling us to achieve our enrollment growth and topline goals that had been elusive for many years. He quickly added value drawing on his deep knowledge of nonprofits, managed care, senior living and senior health care. He brought an analytical perspective that improved how we view and manage performance and impact. He also brought a warmth and ease that was an invitation to collaborate and an openness to change. His peers and his direct staff appreciated his energy, insight and work style. His leadership and expertise were invaluable to the organization and has set us on a path for greater success for the future. His original six-month timeline extended to almost a full year, and his impact will be long lasting.Grace Li, CEO, On Lok