Leadership transitions are inevitable—but they shouldn't disrupt your mission. Still, over 60% of non-profits lack a formal succession plan, especially in finance roles like CFO, Controller, or Finance Director. This week, we’re diving into why succession planning matters—and how you can start building yours today. Why It Matters: Your finance leader likely: - Oversees compliance + audits - Manages grant + donor reporting - Holds critical financial/operational knowledge 👉 If they left tomorrow… would you be ready? 5 Key Steps to Start: 1. Identify Critical Finance RolesMap out essential positions for operations + strategy. 2. Document Core ResponsibilitiesInclude reporting cycles, fund accounting, audit prep, and key systems/logins.Pro Tip: Create a “Finance Playbook” and update it quarterly. 3. Assess Talent & Train InternallyCross-train team members or external partners. 4. Create an Emergency Transition PlanEnsure temporary coverage to avoid disruption. 5. Review AnnuallySuccession plans should evolve with your team and tools. What’s at Risk Without a Plan: - Audit issues - Missed grant deadlines - Loss of funder trust - Staff burnout + turnover ✅ Quick Win: Document your monthly close process. It’s one of the simplest—and most overlooked—ways to prepare for transitions. 💼 Need help? We offer: - Succession Planning Consultations - Finance Department Reviews - Interim CFO/Controller Services 📅 Book a Free 30-Minute Discovery Call 📩 [email protected] 🌐 smithcpasassociates.com Your mission is too important to be paused by turnover. Let’s build your plan together. — Smith CPAs & Associates