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Deferred Payment in a Startup Non-profit

Hello, I have read about deferred payment and for profit businesses on this site, but I haven't seen anything about a non-profit. Our business head, and only full time contributor, is not currently paid. The board does feel that compensation is deserved, but there is no available funding after all other expenses are paid. I am interested in knowing your opinions about whether compensation should be accrued or if it would be a better strategy to extend compensation of make larger retirement contributions when the funds are available. Thank you.

Answers

EMERSON GALFO
Title: CFO
Company: C-Suite Services
LinkedIn Profile
(CFO, C-Suite Services) |

1. As all employment contracts, the Business Head and the Board can agree on whatever compensation structure that is fair.
2. As the "trustee" of funds (and organization). your board can do whatever it wants (subject to legality and well-being of the organization) as long as it is above board (i.e. spelled out on your Notes to Financials or whatever transparency requirements you adopt) and again....fair.

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