Association Management Blog

Tim Naughton

As Senior Financial Analyst, Tim partners with clients to oversee their financial health and is responsible for financial planning and analysis. He has over 10 years of international and domestic experience in finance and accounting, as well as experience in manufacturing and logistics. Tim earned his B.A. in Accounting, with an emphasis in Mandarin Chinese from Arizona State University and an MBA, Finance, from Hult International Business School.

Recent Posts

The Most Important Things to Consider When Creating Your Association’s Annual Budget

Posted by Tim Naughton on 12/12/16 11:59 AM

The budget: The lifeblood of any organization.

Nonprofit and for-profit organizations wrestle continually with maintaining and improving their overall operations. Regardless of tax status, organizations must constantly strive for sustainability while keeping the mission in mind.

Budgets should be a major part of every organization's plan. The budget is the realistic financial blueprint for the manifestation of an organization’s mission and goals. A well-planned budget will focus on the primary goals and objectives of the organization and provide financial and programmatic adaptability— key ingredients to maximize sustainability – for both the short and long terms.

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Topics: Association Management, Management, Finance, Budgeting



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