Emerging stronger through financial challenges goes beyond belt-tightening to changing the way an organization operates. We invited Sean Hale, founder and lead consultant of Austin, Texas-based Nonprofit CFO, to share with us three habits that nonprofits can use to address financial challenges now and in the future.
Category Archives: Financial management
Cash reserves key for nonprofit survival
Cash reserves are key for nonprofit survival. They are essential for assessing and ensuring the long-term sustainability of a nonprofit. The Board is responsible for agreeing a reserve amount and including it in the financial policies. Tracking where the organization is in relation to the funds can literally mean the difference between catching financial crisis […]