Page 15 - NCCAA Finance Board Accountability
P. 15
Questions Board Members Should Ask?
✓ What is the organization's current financial
position? Request detailed financial
statements, including the balance sheet,
income statement, and cash flow statement, to
assess the organization's overall financial health.
✓ What are the organization's sources of
revenue? Inquire about the diversity and
stability of funding sources, including grants,
donations, earned income, and government
contracts, to understand the organization's
financial stability and potential risks.