Financial Committees

Depending on the size of the organization and the provisions of the Bylaws and the laws of the state of incorporation, the Board of Directors may choose to create a Finance Committee.  The Finance Committee is tasked with monitoring and communicating to the Board matters related to the finances and financial health of the organization.  Larger organizations may also create audit, investment and endowment committees to focus on specific issues, but smaller organizations may include all of these functions under the Finance Committee's charter.  Both Board members and other qualified individuals may serve on the Finance Committee.

Additional references:

https://nonprofitlawblog.com/the-finance-committee-what-is-it-and-what-does-it-do/