The Best of Boards: Sound Governance and Leadership for Nonprofit Organizations
Benefit from essential fiduciary knowledge and leadership guidance for financial managers and not-for-profit board members. The knowledge in this guide can help ensure your organization's regulatory compliance and long-term success.

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Make sure your skills and knowledge match the level of your commitment

Key Topics

  • Best practices in board governance
  • Financial and ethical guidance for real-life situations
  • Practical leadership advice for novice and experienced board members
  • Assistance for nonprofit managers with management and governance challenges
  • Tools, checklists and templates based on common-sense management techniques

Who Will Benefit?

  • Board members and financial managers in nonprofit organizations

If you're a nonprofit board member, you're likely passionate about your cause and eager to help your organization.

However, in today's increasingly regulated climate, if you don't have prior not-for-profit (NFP) experience or have little financial expertise, it's easy to feel overwhelmed by the rules you're obligated to follow.

The 2nd edition of this popular resource provides the essential fiduciary knowledge and indispensable leadership guidance you need to ensure the compliance and success of your organization.


To anyone who has ever served as a volunteer board member or led an NFP, these are no doubt familiar reasons for lack of oversight. But, in the eyes of the IRS, funding sources, donors, and the general public, there are no good reasons for such lapses, and there is no margin for error. Because the resources of a nonprofit belong to the community, NFPs are accountable for what they do with them. And when grantors, whether federal, state, or foundation, are involved, compliance is a condition of funding. Beyond these understandable, if dangerous, rationales for poor compliance, there is the issue of those who know the rules but choose not to follow them.

Ratings and reviews

Kim Strom-Gottfried, Ph.D

Dr. Kim Strom-Gottfried is the Smith P. Theimann Jr. Distinguished Professor of Ethics and Professional Practice at the University of North Carolina at Chapel Hill School of Social Work. She received her BSW from the University of Maine, her MSW from Adelphi University, and her PhD from Case Western Reserve University. She has worked in the nonprofit and public sectors as a clinician, program planner, and trainer.

Dr. Strom-Gottfried teaches in the areas of direct practice, higher education, and human resource management. Her scholarly interests involve ethics, moral courage, and social work education. She is the former chair of the National Association of Social Workers’ National Committee on Inquiry and is active in training, consultation, and research on ethics and social work practice. She has written over 60 articles, monographs, and chapters on ethics and practice. She is the author of Straight Talk about Professional Ethics and The Ethics of Practice with Minors: High Stakes and Hard Choices. Dr. Strom-Gottfried is also the co-author of the texts Direct Social Work Practice and Teaching Social Work Values and Ethics: A Curriculum Resource. Dr. Strom-Gottfried currently holds an appointment as the University of North Carolina Institute for Arts & Humanities Associate Director for the Academic Leadership Program, which helps prepare and support the next generation of academic leaders.

Marci Thomas, CPA, MHA

Marci Thomas, CPA, MHA, is an author and discussion leader for Loscalzo Associates, P.A., and also performs quality control and risk assessment consultations for the firm. Ms. Thomas is also a clinical assistant professor at the University of North Carolina at Chapel Hill where she teaches Health Care Consulting and Financial Leadership. From 1986 through 1999 and again in 2005, Ms. Thomas worked for Deloitte, primarily in the accounting and advisory services department. Most recently, she was Director in DeloitteConsulting in strategy and operations practice in the Atlanta of?ce. While at Deloitte, Ms. Thomas was nationally recognized for her work with managed healthcare, employee benefit plans, and the public sector, including State Employee Retirement Systems and state and local governments. She also worked extensively with organizations required to report under OMB Circular A-133. Ms. Thomas worked with Enterprise Governance including leveraging Sarbanes Oxley Act of 2002 requirements to add value to companies. In the late 90s, she lead the firm’s National HEDIS Product Committee and was on the ?rm’s National Regulatory Compliance Task Force, where she chaired the managed care subcommittee.

Ms. Thomas received her Bachelor in Business Administration degree with a concentration in accounting from the Georgia State University and her Master of Health Administration degree at the University of North Carolina at Chapel Hill. She is a frequent speaker at local, regional, and national conferences for groups such as the Healthcare Financial Management Association (HFMA), Healthcare Information Systems Society (HIMSS), Healthcare Compliance Association, and others. She has written articles for publications of the HFMA, HIMSS, and Healthcare Compliance Association and has won numerous awards for her work with those organizations. She is the treasurer of the Adair Estates Homeowners Association and is Vice Chair of the Georgia Society of CPAs Healthcare Section. In addition to writing numerous training manuals for Loscalzo Publishing, she is co-editor and author of a book published by Jossey Bass in 2004, Essentials of Physician Practice Management.


American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

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