"There were pivotal moments during the last decade when the board should have made different, tougher decisions but didn't," explained Stephen Saunders, former director of the Hull House.
As I've shared in prior posts and in my Monday radio segments, the Hull House is emblematic of so many similar nonprofits that waited too long before reaching out for help. Consequently, I've used their significant story and others to constructively share about how you can avoid similar challenges.
Last fall, I had the opportunity to present to a group of nonprofit leaders in Michigan on the common themes I've observed over the past 12 months in our sector, relating to financial nonprofit leadership. It was a terrific exercise because it allowed me to look at the entire year as a composite of nonprofit decisions and behaviors rather than singular events each week.
Together in our Finance Fundamentals newsletter, we explored difficulties experienced by Goliath-sized nonprofits like the Girl Scouts, New York City Opera, Georgetown University, AARP, New York University, Legal Aid Bureau and Youth Service America. Some of the themes we observed were...
Read more in the Finance Fundamentals Newsletter
by Erica McGeachy Crenshaw, CEO of Execute Now!