Every nonprofit, regardless of size or focus, needs a capable person who can oversee the organization’s financial management and operations. The treasurer is a member of the organization’s board of directors or a part of the finance committee, and their primary responsibility is to oversee and manage the financial affairs of the nonprofit.
Because the treasurer’s role in a nonprofit is often voluntary, it is particularly important that the officer you select understands and is dedicated to their fiduciary duty to act in the best interests of your organization at all times.
To help you better understand what this important role requires, let’s take a look at the duties and responsibilities of a nonprofit treasurer…