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 […]
Many nonprofits are busier than ever as they respond to Covid-19 but don’t necessarily have the strategic tools in place to deal with the enforced change. Those that take extra time to respond strategically will come out stronger on the other side.
Mission and values, when applied properly, become key ingredients for nonprofits’ attaining financial success, whether in an emergency like Covid-19 or not. Austin-based finance and operations consultant for nonprofits Sean Hale presents the second in his 3-part series on the habits that nonprofits can use to address financial challenges now.
Nonprofits seeking ways to overcome the financial impact of Covid-19 need to look beyond belt-tightening and begging for money to the money they already have. So says Sean Hale, Austin-based finance and operations consultant for nonprofits. In his 3-part series, Sean will share with us three habits that nonprofits can use to address financial challenges now.