Scoring: 0 = not true · 1 = partly true · 2 = fully true. Maximum 20 points.
1. We have an annual budget reviewed monthly against actuals.
2. We have a 13-week cash flow forecast, updated weekly.
3. We track usable (unrestricted) cash separately from total cash.
4. We have a board-approved operating reserves policy.
5. The board gets a clear, one-page financial dashboard before each meeting.
6. We track each grant’s restrictions, period of performance, and spend-down.
7. No single funder represents more than 30% of revenue.
8. We have basic internal controls (approval thresholds, separation of duties, board oversight).
9. We know which programs cover their cost and which are subsidized.
10. Our finance seat (bookkeeper / controller / CFO) matches the organization’s size and complexity.
0/ 20
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By Heather Engler, Esq.
Founder & Principal, Capital Advisors
Heather blends legal training with deep expertise in bookkeeping and tax compliance, giving her a unique perspective on financial strategy, risk management, and operations. Under her leadership, Capital Advisors serves hundreds of clients across bookkeeping, tax, payroll, and financial advisory. More about the team →