As we discussed in the first installment on this subject, financial vulnerability isn't something we readily discuss with one another. Yet, it's one of the most important core competencies in leading your nonprofit organization.
In my last post, we explored the importance of understanding and legitimizing your overhead expenses with donors and funders. Low levels of overhead funding leave nonprofits financially vulnerable, which directly impacts the quality of your programming. Setting cash flow goals, acknowledging the factors that may impact cash flow and monitoring your cash flow position are a few of the most important strategies for building your...
Read more at the Finance Fundamentals blog
by Erica McGeachy Crenshaw, President/CEO of Execute Now!, Inc.