Money and Ministry: 7 Costly Financial Mistakes to Avoid, Part 2

This is part 2 of our webinar with Ken Tan.

Churches face a multitude of changes today. And the rate and extent of change are greater than ever, which means church leaders need to identify trends sooner and respond faster.

Join us as we discuss seven common but costly mistakes to avoid so you can maximize your church’s ministry impact, including:

Managing budgets like nothing has changed
Ignoring vulnerabilities that lead to fraud
Not understanding your giving data and risks
Not reviewing current commitments or adequately preparing for new borrowing or financing opportunities
Not planning and budgeting for different types of expenses in a hybrid ministry model
Assuming your current financial systems can support your growth
Not optimizing your financial operations team

You’ll learn how to build a flexible framework to inform strategic conversations and future financial decisions as you work to fully resource your ministry and maximize its effectiveness.

About the Author: Ken Tan

Ken has more than 16 years of public accounting and large nonprofit experience, providing both advisory and assurance services to various nonprofit entities, churches, and mission organizations. Ken's expertise also extends to serving nonprofit organizations through fraud prevention and forensic accounting. Prior to joining the firm, he managed the audits of public Fortune 100 and private multi-billion dollar companies for a Big 4 accounting firm, provided advisory and strategic planning for churches, nonprofits, and small to medium-sized businesses, and served as the controller and corporate officer for a large faith-based multi-national mission agency.