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 […]
Tag Archives: finances
Step Back to Fundraising Success
Fundamental to the sustainability and mission achievement of any nonprofit is the availability of funding and resources. The challenges are finding the balance between short term funding and development of long term relationships, as well as the need to differentiate your organization’s value proposition.