The Importance of Stewardship
Recently, CHA recently became accredited through the Evangelical Council for Financial Accountability (ECFA). ECFA enhances trust in Christ-centered churches and ministries through its annual accreditation of organizations. Using its Seven Standards of Responsible Stewardship™, drawn from Scripture, ECFA’s stamp of approval is the “gold standard” for financial stewardship.
ECFA serves as a financial accountability partner to ministries who voluntarily seek accreditation and demonstrate their commitment to ECFA’s seven standards. Additionally, ECFA promotes financial accountability and best practices.
The ten standards of accountability are:
- Conduct at least two board meetings per year.
- Maintain proper minutes of board meetings and executive meetings.
- Perform an annual review of the top leader’s performance.
- Document annual designation and approval of any ministerial housing allowance.
- Approve the top leader’s compensation annually.
- Adopt a conflict of interest policy covering board members and key staff.
- Conduct an annual audit.
- Complete a self-awareness evaluation as a board.
- Adopt a board policies manual.
- Develop board recruitment and onboarding processes.
Thank you for your ongoing support of CHA. God has used Mr. Josh Bullard to provide a firm, fiscally-strong foundation in the life of the school. If you would like to learn more about opportunities to partner with CHA, please contact Dr. Susan DeMoss, call (405) 672-1787 ext. 233, or visit our school’s website at www.cha.org.