Financial Services Archives - Church Executive


Measuring ministry activities

church dashboard metrics

Measuring and exploring key performance indicators (KPIs) for your ministry can help in the navigation of both risks and opportunities.

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Satellite expansion from the lender’s view

chuch construction_1

Satellite expansion can help manage a church’s growth in attendance. There are do’s and don’ts for dealing with lenders and church expansion locations.

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Financing projects — borrowing vs. capital campaign

Church lending and budgeting

When your ministry is planning a project, options for financing are to borrow, have a capital campaign, or save. A mix of all three is also possible.

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Counting collections: 3 “good steward” reasons to automate

For Tom Holzheimer, Business Manager at St. Charles Borromeo Church in Parma, OH, automating the counting of collections means he can process more than $13,000 of weekly check donations in less than 10 minutes. Previously, it took him hours. A detailed case study is available here.

Collections are an important part of any church. And, as a church leader, you want to manage your inflow the best way you can.

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Rethinking the church capital campaign

preacherman

The capital campaign has always been a powerful way for church leaders to focus attention and resources toward reaching a God-inspired vision for your ministry. And while the timeless principles will never change, the best approach to funding your vision has always — and will always — evolve as the landscape of ministry evolves.

In fact, we’re living through one of those evolutions right now.

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Metrics that drive sustainability: what gets measured — and managed

Over the past 30 years, I’ve sat in business meetings with pastors and board members and watched them cringe (literally) when required to review yet another financial report from the business office. Their eyes glaze over, and they begin doodling and drawing pictures on the financial statements.

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Glenn Wood: Finding the financial "fuel" Seacoast needs to grow

Glenn Wood / Church Administrator / Seacoast Church / Mt. Pleasant, SC

With 13 locations (and growing!), Seacoast Church’s vision proved to be beyond its previous financial partner’s comfort level.

The challenge: find one that understands who the church is, what it wants to do, why… and how to make it happen.

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Finances & college planning

Education dollar

The thought of preparing for your child’s college education can be daunting. There are so many questions: How much do I need to save? When do I need to start? What are my options? Here, we tackle four common questions about college planning.

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JOEL SIMS: a son’s legacy — and a father’s foundation

Pastor Joel Sims and his wife, Peppi

At 33, Pastor Joel Sims of Word of Life Church in Flowood, MS, has already served in executive church leadership for more than a decade. He has also undertaken $29.4 million in construction projects — some completed, and some just beginning.

By anyone’s standards, Joel is a young pastor with a big, big job.

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A point-by-point guide to comparing loan offers

Before your church obtains a loan for a new building purchase or construction project, it’s important to understand the differences — in other words, how to compare the different loan offers which lenders present.

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