The responsibilities of a nonprofit board treasurer are often broader and more influential than many realize. Typically appointed by the board, the treasurer must bring not only financial expertise but also a strong commitment of time, attention, and steady leadership. 
While each organization’s bylaws outline the specific duties, the treasurer plays a central role in ensuring the board stays informed about the organization’s financial health. Their work supports transparency, accountability, and long‑term sustainability.
Key Responsibilities:
- Advise on fundraising strategy to support the organization’s mission and financial goals.
- Participate in all board meetings and contribute to informed decision‑
- Develop and manage the budget
- Assist in accounting oversight, as appropriate, based on the makeup of the entity’s accounting department.
- Stay informed about the organization’s work and demonstrate a strong personal commitment to its mission.
- Assist financial contractors—such as bookkeepers, tax preparers, investment advisors, or fundraisers—when the nonprofit lacks full‑time staff.
- Understand nonprofit financial accounting and ensure compliance with relevant standards.
- Lead the finance committee and guide its work.
- Coordinate the board’s financial oversight, ensuring members understand and act on their fiscal responsibilities.
- Collaborate with the executive director and accounting staff to provide timely, accurate financial reports to the board.
- Review the annual audit and Form 990, addressing questions from board members.
- Support cash‑flow planning to maintain the organization’s liquidity and financial stability.
- Establish and monitor internal controls to reduce fraud risk and strengthen financial processes.
- Ensure timely submission of all federal and state tax filings.
- Protect and safeguard the organization’s assets through sound financial stewardship.
Every nonprofit benefits from a treasurer who can confidently guide its financial operations. An effective treasurer blends technical knowledge with clear communication, strategic thinking, and a commitment to the organization’s mission.
Please contact the Not-for-Profit Niche team at Gilliam Bell Moser LLP for further guidance.
