Finance Committee Member

STRIVE4You Finance Committee Description

The Finance Committee is a standing committee of the Board of Directors and is chaired by the Board Treasurer. The committee is responsible for reviewing and providing guidance for STRIVE4You’s financial matters. The committee assures internal controls, independent audit, and financial analysis for the organization. The Finance Committee reviews all financial statements and reports on financia activity to the full board. To help the board fulfill its oversight function, it is important for the Board Treasurer and the Finance Committee to present the information in as clear and concise a manner as possible.

Duties and Responsibilities

1. Provide direction for the entire Board for fiscal responsibility.

2. Regularly review the organization's revenues and expenditures, balance

sheet, and other matters related to its continued solvency.

3. Ensure that organizational funds are spent appropriately.

4. Ensure the preparation of an annual audit, tax form (990), and audited

Financial Statements.

5. Approve the annual budget and submit it to the full Board for approval.

Qualifications and Requirements

The Finance Committee Volunteer should have;

• Ability to understand financial statements

• Experience in creating budgets preferable

• General knowledge of financial policy and procedures for non-profits.

• Ability to work cooperatively with other committee members.

• Excellent communication skills

• Time to dedicate to this professional volunteer opportunity(approximately 3-5 hours per quarter). Completing work assignment in a timely fashion is critical to keeping the committee's deliverables on track and the work of STRIVE4You moving forward.

• Commitment to take on an occasional finance related special project, potentially requiring additional time commitments.

• Commitment to attend regular meetings. Because finance committee members will most likely live throughout the country, meetings will take place virtually by conference call or Zoom. Meeting attendance is extremely important.

• Must be comfortable in a team environment.

Lines of Communication

Reports directly to the Finance Committee Chair/Board Treasurer and works

closely with fellow volunteers to complete assignments and exchange ideas.

Orientation and Training

Committee members will be given training and will be required to read and have general knowledge of the STRIVE4You Financial Policy Manual, and the current annual budget.

Time Commitment

Approximately three-5 hours per quarter for the length of a one year term.