Financial Services Archives - Church Executive


Planning for healthcare expenses in retirement

    By Rev. James R. Cook, CFP® If you think Medicare will cover all your healthcare costs when you retire, think again. The sobering reality is that Medicare generally only covers about 60 percent of the cost of basic healthcare services for individuals aged 65 and older. The remaining 40 percent must be covered by […]

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How data can drive better ministry

Your church management software is a treasure trove of actionable information … but only if you know how to mobilize it. What are the most important, yet often overlooked, ChMS data points? Gordon Proud: First, member management — who’s attending your church, how often and what classes or ministries they’re involved in. In addition, it’s […]

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TOM LUNAK & CALVARY CHAPEL FORT LAUDERDALE: An informed approach to refinancing drives church health & growth

By RaeAnn Slaybaugh     By anyone’s standards, Tom Lunak, CFO of Calvary Chapel Fort Lauderdale, has extensive experience in the banking industry. In his career, he has held senior-level titles at, and done consulting work for, several banking institutions. So, it was a pleasant surprise when, a few years ago, he was asked to […]

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Houses of worship subject to parking lot tax

By Sharon C. Lincoln In the context of paying one’s taxes, the New Testament counsels the faithful in Matthew 22:21 to “Give to Caesar the things that are Caesar’s, and to God the things that are God’s.” When it comes to taxation in the United States — for nearly all of this country’s history — […]

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10 tips to prepare your church for financing ministry expansion

Our expertise. Your mission. By Kari Boyce & Chris Lewis Growing ministries face financial and facility capacity constraints on a regular basis. One important question is, How does a ministry prepare for financing its growth? Here is some guidance from a lender’s perspective. Be intentional about managing your records and your books. I’m talking about […]

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Why you need an emergency fund – and how to build one

  By Alina Parizianu You’re driving home from a wonderful vacation and the “check engine” light in your vehicle comes on. The engine is running smoothly, and the transmission is shifting properly, so you continue to drive the vehicle, thinking it will be OK until you can get home and have it checked by your mechanic. Suddenly, […]

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Top 15 Articles of 2018

By Skylar Griego As we adjust to writing “2019” in our planners, now is a good time to reflect on 2018 and see the big picture. At Church Executive, that means taking a look at which articles were most important to our readers. When we looked at the 15 most-read articles, the editors noticed there […]

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What cloud computing can do for your church’s financial reporting

Futuristic design of a cloud network computing

  Like any other organization, it is necessary for a church to compile financial reports on a regular basis. Many churches use Microsoft Excel, which requires constant manual data input from a user on a designated device. The problem with this system is that configuring the information for specific reports requires a lot of work […]

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When you present your ministry to a potential financial partner‭, ‬what will the lender look for‭?‬

By Dan Mikes You’ve been offering two or three weekend worship services for quite a while, you are regularly filling more than 80 percent of the seats available in your worship facility, and you are at maximum capacity in the children’s space.  Understandably, your leadership team has decided it is time to expand. 

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ON THE MONEY: 3 seasoned financial experts talk about church leaders’ biggest challenges, and how to tackle them

By RaeAnn Slaybaugh Since 2002, Rev. Dr. Day has held numerous positions with MMBB, including providing service to members and employers. Now, she serves as director of development. In her career, Day has also served as an area minister, senior pastor, and director of campus ministry. She holds both MDiv and DMin degrees. One thing […]

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