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March 19, 2024 52 mins
Book a 1:1 strategy call with Teresa Huff: www.teresahuff.com/mentor
 
In this episode of the Grant Writing Simplified Podcast, I have a fascinating conversation with Chris Ekimoff, a forensic accountant specializing in litigation consulting and forensic accounting services. Chris discusses the importance of financial vigilance and proactiveness in nonprofits to prevent fraud and financial mismanagement. He emphasizes that it's not about fostering suspicion but about creating awareness and setting up good systems, checks, and balances. We touch upon various topics, including the value of having financial or legal professionals on nonprofit boards, the necessity of self-awareness and admitting organizational weaknesses, and the idea of 'trust but verify' to maintain a healthy and transparent nonprofit culture. We advocate for collaboration among nonprofits to learn and grow together, emphasizing that it's not a competitive but a collective mission to serve communities better. This conversation is aimed at helping nonprofits understand the significance of good financial practices and how to implement them to ensure their organization's and mission's sustainability.
 
00:00 Welcome and Workshop Announcement
 
00:47 Introducing Forensic Accounting with Chris Ekimoff
 
03:36 Chris Ekimoff's Unique Background and Forensic Accounting Explained
 
05:01 The Importance of Forensic Accounting in Nonprofits
 
13:32 Practical Steps for Nonprofits to Prevent Fraud
 
19:58 The Balance of Trust and Compliance in Nonprofit Culture
 
27:25 Navigating Your Career with Skiing Wisdom
 
28:18 Strategic Planning for Nonprofits
 
31:23 The Power of Collaboration in the Nonprofit Sector
 
33:57 Elevating Nonprofit Impact: Moving Upstream
 
37:31 Cultivating a Culture of Openness and Improvement
 
45:56 Leveraging Professional and Personal Resources
 
48:20 Connecting and Sharing Resources for Nonprofit Success

 

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