- Review the financial statements and be sure that you understand them. If you don’t, ask questions.
- Set up a meeting with the outgoing treasurer and ask them for any guidance and update on pending matters.
- Meet with your accounting department contact, exchanging information and talking about the pertinent issues.
- Review the budget and ask questions of those who prepared it.
- Ask to see a copy of the internal controls document or guidelines for operations related to accounting.
- Ask to have a copy of the most recent 990 tax return.
- Confirm that the organization is in good standing with the state. This can be done online.
- Ask to see a copy of the IRS tax letter as well as the articles of incorporation and bylaws.
- Review the reporting cycle with the executive director and or accounting contact
- Be sure that you are a signatory on the checking account as well as any investment account assuming this is in line with your organization’s operating procedures.
Top 10 tips for the new Board treasurer
By / June 19, 2026 
