Teri opens up about the challenges and rewards of managing finances in the nonprofit sector. She discusses how her career path, from CFO roles to overseeing IT and risk management, has shaped her approach to leadership and financial strategy. Teri shares her insights on building strong teams, managing uncertainty, and the importance of cultivating a sustainable financial future through endowments.
Whether you’re a CFO, finance leader, or nonprofit professional, Teri’s wealth of experience provides valuable lessons on leadership, financial stewardship, and creating lasting impact.
💡 Key Takeaways:
Teri’s Career Journey: From CFO roles at Washington Performing Arts Society and Seniors First to her current role at Community Legal Services, Teri’s diverse experience is invaluable for aspiring finance leaders.
Nonprofit CFO Challenges: Teri discusses the complexities of being a CFO in nonprofit organizations, balancing operational demands with long-term financial planning.
Leadership Beyond the Numbers: Effective leadership requires more than just managing finances, it’s about building trust, making strategic decisions, and fostering collaboration.
Managing Uncertainty: Teri shares her approach to navigating financial unpredictability in the nonprofit sector and how she prepares for the future despite unknowns.
Building an Endowment: Teri explains why creating an endowment is crucial for nonprofit financial sustainability, providing a financial cushion during uncertain times.
Mentorship and Community: Teri reflects on the importance of having mentors and building a supportive community to guide career growth and professional development.
Authentic Leadership: Teri emphasizes leading with authenticity, trusting your team, and maintaining work-life balance while striving for organizational success.
🗣️ Noteworthy Quotes:
“Being a CFO isn’t just about the numbers; it’s about being at the table, making decisions that move the organization forward.” – Teri Kozub
“You need to trust your team and allow them to do their jobs. That’s how you build strong, effective leadership.” – Teri Kozub
“You have to speak up for those who cannot speak for themselves, for the rights of all who are destitute.” – Teri Kozub
“The more we embrace diversity, the better our ideas and solutions become.” – Teri Kozub
⏱️ Key Timestamps:
00:00 – Introduction
01:35 – Teri Kozub and her career in nonprofit finance
03:51 – The challenges and surprises of being a CFO in a nonprofit setting
06:47 – Leadership lessons: Making decisions that go beyond financials
09:19 – Overseeing non-financial functions like IT and risk management
11:33 – Navigating uncertainty and planning for the future
13:22 – Building a trusting, collaborative team
19:12 – Starting and growing an endowment for long-term sustainability
25:08 – Teri’s leadership philosophy and advice for future finance leaders
👉 If becoming a CFO is in your 5-year plan, get your free CFO Readiness Scorecard here: http://thecfo.scoreapp.com
📬 Get Involved
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LinkedIn: https://www.linkedin.com/in/teri-kozub-81058a12/
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