Financial Consulting for Pastors and the Church
Please feel free to reach out to us through the Contact Page. We are more than happy to engage in a discussion about how we may be of assistance.
We spend the upfront time through our consulting work, analyzing your existing situation, finances, and time frames to achieve your goals including time frames for completion. This process allows us to customize the various solutions, and focus on the most critical priorities. We will set short term and long term objectives based on what you and your leadership team feel is appropriate.
Testimonials:
“The Five Solas Foundation has provided our church and elders with timely and helpful guidance and assistance in financial matters. We appreciate and highly value their wisdom and generosity, and their heart and vision for the advancement of Christ’s kingdom. We esteem them as servants of Christ and look forward to working with them on present and future projects, whether related to financial stewardship in our own church or related gospel endeavors. We thank God for the Five Solas Foundation.”
Dave Chanski
Pastor, Trinity Baptist Church, Montville, New Jersey Pastor David Chanski
www.trinitymontville.org
“The staff at Five Solas were so encouraging regarding our need. They carefully considered how to help us and extended practical help to us. We are thankful for this ministry to pastors and others who serve God in gospel church ministry. Philippians 4:10-14.”
John Reuther
- Evaluate Pastor(s) and staff compensation including retirement benefits considering benchmarks for the local area and documenting the process used for existing and future Pastors and Elders.
- Analyze the viability of goals of the church and time frames for achieving them.
- Help church leadership feel comfortable to discuss salary compensation and benefits always from a biblical perspective
- Work with congregations to think objectively with regard to compensation and benefits for their Pastor(s)
- Assist in developing job descriptions for Pastors, Elders and Deacons
- Explore the formation and advantages of an Advisory Board for efficiencies and ideas
- Assess the financial and other liability risks the church may face and how to mitigate them
Ways We Assist
Latest Blogs
We will continue to offer insights on a variety of topics. Please continue to check back often and subscribe to receive the latest Blog when it is published.
28th Jun 2024
Do we really need a process for Philanthropy?
The answer depends on how you feel about developing and attracting revenue for ministries that are important to you and to others. Some examples are: 1. A historical building fund for restoring and maintaining your building. Many people who are inside and outside the Church such as, the neighborhood, including specific grants which may be given to upkeep churches who would like to see the building maintained and well preserved.
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24th Jun 2024
The Business Administration of the Church
There are several business aspects to the operations of running the church as a non-profit entity. Including legal aspects to this as well, which, if not done correctly, can cause the loss of the non-profit tax status, in addition to reputation, fines and other risks.
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24th Jun 2024
Job Descriptions; Why are They Important?
You may be thinking that everyone knows what a Pastor does, or that the other officers know what they are responsible for, so why do I need to write a job description? There are several reasons to consider; identifying talents and strengths for each of the officers will make it clear who may be best suited for a responsibility or project.
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24th Jun 2024
Camera Spotlight on Pastor’s Suiting
Prior to my Financial Advisory Career, I was a Fashion Coordinator for an upscale men’s and women’s clothing company. One of the most important aspects of outfitting the client was in tailoring the appropriate suit. I am mentioning this as most of the sermons that you will be preaching are on the web and up front and very close.
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24th Jun 2024
Salary Consulting for Pastors: Importance of Cost of Living Adjustments
In my interviews with Pastors, one of the more difficult conversations is the importance of adjusting the salary of the Pastor(s) and/or Staff with a Cost of Living Adjustment (COLA). Instead of having to visit this annually, the method can be approved once and then the process followed on an annual basis unless an extraordinary event occurs which may require an adjustment.
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24th Jun 2024
Developing Additional Services
We are interested in developing additional services and would like to invite active and retired RB Pastors to share with us the areas that in your experience cause(d) the most difficulty with regard to the church business infrastructure and administration. Your participation is confidential, unless you feel otherwise.
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24th Jun 2024
Building and Sharing Forms
There are many excellent documents already drafted by RB Pastors that if shared would save RB Pastors and their leadership team a lot of time developing a similar document. If you have something we can share, we will redact any specific information such as names and provide you with an NDA.
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24th Jun 2024
Advisory Board Members
We are looking for active and retired RB Pastors to periodically consult with us in an effort to make The Five Solas Foundation something that will really make a difference in our RB Churches. We currently have a semi-annual Zoom call for updates and may seek your counsel from time to time for a brief call when a question arises. Please let us know through the Contact Us page if you are interested and we will contact you. Thank you for your consideration.
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