Financial Services Archives - Church Executive


Estate planning: getting affairs in order isn’t just for seniors

estate planning

By Matthew D. Hoffman, CFP®, ChFC® When we think about estate planning, drafting a will, and getting your financial affairs in order, millennials aren’t the first demographic group that come to mind. Most people don’t start to think about this topic until they’re a little older and more established; they usually have achieved milestones such […]

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So, you want to start a Christian school. Now what?

By Darren Thompson & Richard Koon Across the country, churches are answering the call to start a private Christian School — but they’re unsure about how to navigate the process. Does this sound like your church? In this second installment of our three-part “Financial Management for Christian Schools” series, we’ll discuss next steps, as well […]

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The sustainable metric — where cash is always king

By Rebecca M. DaVee, CPA Our last metric is the sustainable operating metric. When you boil it down to the last key performance indicator — the one that tells the true story for sustainability — what is it? It’s not based on an account buried in the profitability of the organization, (i.e., statement of activities […]

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With rates rising, should you terminate your interest rate swap and refinance?

By Dan Mikes As you might have noticed, interest rates have been on the move. Also, recent economic signals seem to imply the federal government will be more active in 2017.  Consider comments economist Dr. Scott Anderson made on February 17 under the heading, “Inflation Runs Hot, Will the Fed?”: The urgency to hike interest […]

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Debt management: one of the keys to financial wellness

By Rev. Dr. Patricia Hunter, CFP® In today’s world, most of us have debt. One of the keys to achieving financial wellness is learning how to manage that debt. Debt does not have to be an insurmountable problem Is debt distracting you from your ministry? As servants of God, we often place the needs of […]

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Making multisite church accounting work, flawlessly

GLENN WOOD / CHURCH ADMINISTRATOR / SEACOAST CHURCH / MT. PLEASANT, SC By RaeAnn Slaybaugh For more than 22 years, Glenn Wood has — innovatively — served as business administrator at Seacoast Church in Mt. Pleasant, SC. At the administrative helm of a rapidly growing church (now with 13 locations!), Wood’s vast, varied business management […]

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Good governance = good giving

A clear financial plan, including a sound investment policy, protects a church, its ministries and its people from a potentially devastating financial misstep. However, did you know this same plan can actually drive better giving, too? John Regan, Partner and Chief Investment Officer at New York-based Permanens Capital, which counts among its clients several large churches […]

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Financial wellness: an added benefit for your staff

By Louis P. Barbarin, CPA Perhaps you have heard of or read about ‘financial wellness’ in the workplace. It’s one of the new buzzwords used to describe the range of financial services that some companies are making available to their employees. So, just what is financial wellness? According to Tom Rath and Jim Harter, leaders […]

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3 simple ways to increase your church’s giving

Statistics show that giving online is increasing year over year. Other methods for giving are also gaining momentum — via text message and mobile phone.

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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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