Church Finance and Debt

Episode 9: Nathan Artt – Church Finance and Debt

“Demonstrate to your church that you want something FOR them, not something FROM them.”  Nathan Artt.

This podcast episode is one that cannot be missed.  It is with a mutual respect that Richard Chancy brings Nathan Artt of Ministry Solutions.  Nathan brings to the podcast a wealth of information regarding growth, and helping pastors find their way through the sometimes overwhelming topic of debt and growth for a church.  We learn that these two topics can coincide and work together for the benefit of the individual church.  He teaches that no pastor is alone, and all churches have the same financial issues if they are striving toward growth.  Please listen to the advice given, and congenial conversation between these two.

Some of the things we talk about in this issue include:

  • Nathan Artt's background
  • Connection between Richard and Nathan
  • Facing the question: Should a church have debt?
  • Pastor's ability to be wise with the church's money
  • Giving back to community and parishioners
  • Building a financial foundation
  • Surrounding yourself with experts in their respective fields
  • Know when it is time to grow. This may come sooner than you think.  Be ready emotionally and financially
  • Every church is unique. Find where your church's strengths lie.
  • Be able to have church finance and debt discussions with your team
  • Utilizing the 24toDouble and Ministry Solutions strategies for expanding ministries for the benefit of the church

Links that were mentioned in this episode:

  • The Meaning of Marriage by Timothy Keller – Based on the acclaimed sermon series by New York Times bestselling author Timothy Keller, this book shows everyone—Christians, skeptics, singles, long time married couples, and those about to be engaged—the vision of what marriage should be according to the Bible.
  • Perry Noble – personal blog where he writes about “Everything from Jesus and leadership to being a dad and my love of good food.”
  • Elance.com (now Upwork) – Hire freelancers to do your work quickly and at a reasonable cost.
  • www.financeyourchurch.com – Free analysis before hire.  Will save your church money!

Key Takeaways:

This episode is filled with intellect, financial hope, and many concrete examples.  This podcast describes in detail some of the tools needed to grow any ministry successfully.  Nathan Artt's experience in church funding, consulting, and debt retirement will help any church grow while keeping debt to a minimum.

Nathan's great financial mind teaches Pastors the importance of taking control of a church's future while never neglecting the parishioners.  Along with many Pastors, he found himself asking questions pertaining to the reasons why he was currently doing the things he was doing.  Today, he realizes that all of the previous work and endeavors have led him to this point in his life.

He talks about knowing what a church's strengths are and developing those strengths.  Know what the parishioners want.  Develop their strengths.  Be able to say no to what no longer works and what isn't in the best interest of those who a Pastor leads.

The advice that he gives in this podcast is the advice that he himself follows on a daily basis.  He is authentic, and believes that his church is a winning team.  Financially, he is the best at what he does.  He talks about working within a healthy operating margin, how to determine if your church has a strong budget, and knowing when to outsource.  He believes that by following a process, Pastor's will no longer have to work with a banker.  They will be able to grow their church while continuing to move forward as a team.  Both financially, and through service.

Always have a plan, be flexible, do not become stagnant or complacent. Put the ministry first. Keep your priorities in order. Be grateful for your blessings.  These are some of the thoughts that have helped Nathan Artt become a member of a financially responsible church, and teach others what they need to do to become part of a financially responsible church.

Nathan Artt can be contacted at: www.financeyourchurch.com, or email: nathanartt@ministry-solutions.com.

If you've hit a plateau, or just need some encouragement-take an hour, pour yourself a glass of water (or sweet tea if you happen to be in the south) and hit PLAY on this episode.  When you're done, head on over to iTunes and give this podcast a review and make sure to subscribe so you'll never miss another show!

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