Cash reserves key for nonprofit survival

Cash reserves are key for nonprofit survival. The number one reason nonprofits fail is the lack of positive cash reserves. It is the Board’s responsibility to ensure that they are in place. We invited nonprofit operations consultant Sean Hale to share with us his thoughts on how best to address this important issue.

Former Board Members – Hidden Assets

Former board members are hidden assets in plain sight! They typically have a wealth of knowledge, experience and a passion for your mission and can be powerful contributors in strengthening your organization for years to come. Capitalize on their value by intentionally keeping them involved in whichever way works for them and your organization.

Beyond Belt Tightening Part 2, Return to Mission & Values

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.

Beyond Belt-Tightening Part 1, From Inertia to Action

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.