Nonprofit chief executives are expected to protect the mission, lead the team, and keep the organization financially healthy, often without a CFO sitting beside them. In this episode, Dolph talks with Marvin Webb about five finance mistakes executive directors make, including confusing cash with revenue, ignoring reserves, over-relying on one revenue stream, disconnecting budgets from strategy, and underinvesting in staff compensation. Marvin's core warning is simple: healthy-looking revenue does not mean your organization has the cash, liquidity, or financial strategy it needs to survive. This conversation helps nonprofit CEOs lead with clearer financial judgment, stronger board conversations, and better decisions about the resources required to sustain the mission.

This episode answers questions like:

• Why does my nonprofit show revenue but still have no cash?
• How much cash should my nonprofit have in reserve?
• What financial reports should an executive director read and understand?
• How do I explain cash flow problems to my board?
• What should a nonprofit CEO do if government funding is delayed?

Links mentioned in this episode:

• MIT Living Wage Calculator