Parikh Sheetal, MS, RDN, LDN, FAND

FAND Election Nominee Profile – 2024 Election

Name of the Candidate: Parikh Sheetal, MS, RDN, LDN, FAND

Position: Treasurer

Employment History

Employer

Title

Years Employed

Morrison Healthcare

Corporate Malnutrition Program Manager

2023-Present

Morrison Healthcare

Corporate Dietitian-Malnutrition Analyst

2022-2023

Morrison Healthcare

Regional Lead Dietitian-Clinical and Patient Services

2019-2021

Morrison Healthcare/Advent Health – Heart of Florida, Davenport, FL

Lead Clinical Dietitian

2017-2019

M. S. University, India

Assistant Professor at Foods and Nutrition Department

2000

 

Leadership Experience

Leadership Position

Organization

Years Involved in the Organization

Chair, Membership Services

Academy of Nutrition and Dietetic, Vegetarian Nutrition Dietetic Practice Group (VNDPG)

2023-2025

Treasurer

 

Academy of Nutrition and Dietetic, Vegetarian Nutrition Dietetic Practice Group (VNDPG)

2021-2023

Diversity Liaison

Florida Academy of Nutrition and Dietetics

2021-2023

Diversity Liaison Chair

Academy of Nutrition and Dietetic, Vegetarian Nutrition Dietetic Practice Group (VNDPG)

2019-2021

Florida State Coordinator

Academy of Nutrition and Dietetic, Vegetarian Nutrition Dietetic Practice Group (VNDPG)

2019-2021

 

Answers to Challenge Questions

The financial stability of a volunteer organization is critical to its ability to serve its members with high-quality services. What strategies would you suggest as a means for ensuring financial stability?

 

To me, the financial stability of an organization for volunteering purposes is very important for its ability to provide quality services and sustainability to the members of the organization. Following are few points:

Sources of Funding:

The volunteer organization can not rely on one source of funding. It should diversify the streams of incoming funds by exploring and approaching sources such as donations, fees, fundraising events, sponsorships, and tie up with different companies who sell the products which are keen for the volunteer Organization, including but not limited to strong grant writing skills from government agencies and foundations. 

Donations and Membership Fees:

Membership fees collected, which are reasonable to the organization as well as tempting for members to join the organization. Membership fees should be able to cover basic operational costs, if possible. 

Organize fundraising events.

Encourage supporters and members of the organization to make donations, to provide a steady income stream. Recurring donations are always helpful

 

Financial Planning:

Create a budget that includes all operational expenses, various program costs, unexpected expenses (if it occurs).

Review the budget regularly and adjust if needed to align with organizational needs.

 

Cost Management:

Spending on essential activities and services should be prioritized. 

Negotiate deals with vendors, partners not sacrificing the quality of products and services. 

 

Guidance/Consultation:

Meeting with other organizations, know them, learn from them

Look into partnerships with other organizations, businesses or governmental agencies. 

 

Clearly communicate, promote and use social media to make familiar to the members and non-members of the organization’s mission.

 

Conduct regular financial audits to ensure clarity, transparency, accountability and compliance. 

 

Technological advancement and usage to reduce costs. 

Create an open book for management, donors and other affiliated organizations.

 

Promote and inspire volunteers. Align their ideas with our organization’s growth. 

 

Adapt to changing circumstances and be open to ideas and approaches for fundraising. 

By implementing any or all strategies, an organization can enhance and flourish its financial stability and serve its members for a long term. 

 

Describe the skills and knowledge you possess or provide an example from your personal or work setting that demonstrates your ability to handle FAND finances in an accurate, efficient, and timely manner.  

 

Effectively handling organization finances requires a combination of skills, attention to detail, and the use of appropriate tools. Here’s a demonstration of how one might approach managing organization finances in an accurate, efficient, and timely manner:

  1. Establish Clear Financial Procedures and ability to reconcile accounts
    • Develop standardized financial procedures outlining how transactions, budgeting, and reporting will be handled.
    • Ensure that all team members involved in financial activities understand and adhere to these procedures
    • Conduct regular bank reconciliations to ensure that the organization’s financial records match the bank statements
    • Investigate and resolve any discrepancies promptly to maintain accuracy
  2. Budget Monitoring and Adjustments:
    • Monitor the organization’s budget against actual expenditures regularly.
    • Adjust the budget as needed to accommodate changes in income, expenses, or organizational priorities.
  3. Timely Financial Reporting:
    • Generate and distribute financial reports on a regular schedule (monthly, quarterly, or as needed).
    • Clearly communicate financial information to relevant stakeholders, including board members, staff, and donors.
  4. Expense Tracking and Receipt Management:
    • Implement a system for tracking expenses and maintaining organized records of receipts.
    • Categorize expenses accurately to provide a detailed breakdown of where funds are allocated.
  5. Financial Audits and Reviews
    • Schedule regular internal audits or reviews of financial records to ensure accuracy and compliance with financial procedures.
  6. Transparent Communication:
    • Communicate financial information transparently with relevant stakeholders. This includes providing context for budgetary decisions and addressing any financial challenges openly.
  7. Compliance with Regulations:
    • Stay informed about relevant financial regulations and compliance requirements for nonprofit organizations.
    • Ensure that the organization adheres to all reporting and legal obligations
  8. Emergency Fund:
    • Establish and maintain an emergency fund to address unforeseen financial challenges without disrupting day-to-day operations.

By incorporating these practices, an organization can demonstrate its ability to handle finances accurately, efficiently, and in a timely manner, contributing to overall financial stability and trust among stakeholders.