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Sharing the news, tips, press releases, special offers and upcoming events posted by LANO members. Share your good news here! Feel free to cross post the blog links to your Facebook or other media pages, or to email them directly to friends.Please allow 1-2 business days for your blog to appear on the network.

 

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Execute Now! lends a financial hand to longstanding nonprofit

Posted By Erica Crenshaw, Execute Now!, Tuesday, November 6, 2012

Even longstanding pillars of our nonprofit community need a hand now and then. The YWCA of Baton Rouge was fortunate to have the combined strength of a veteran CEO and the expertise of a financial firm during the last year. "Execute Now! has been a perfect solution for us. Having Erica's team manage our finances and oversee reporting and projections has been a difference maker,” says YWCA Interim CEO, Judi Bishop...

 

Read about the YWCA's partnership with Execute Now! at the Finance Fundamentals Blog

Tags:  Execute Now!  Finance Fundamentals 

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Nonprofit Finance Fund survey points to boards and funders

Posted By Erica Crenshaw, Execute Now!, Tuesday, October 23, 2012

 

More than 4,000 nonprofits responded to the Nonprofit Finance Fund (NFF) survey this spring about their financial affairs and the results were incredibly disheartening. NFF President and CEO Antony Bugg-Levine called the nonprofit sector "a system increasingly under pressure and one that will crack.” Only 43 percent of nonprofits have ...

Read more at the Finance Fundamentals blog

 

by Erica McGeachy Crenshaw, Execute Now!

Tags:  Alice Korngold  Execute Now!  Finance Fundamentals  Nonprofit Finance Fund 

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Financial factors a strong board embodies

Posted By Erica Crenshaw, Execute Now!, Tuesday, October 9, 2012

 

A recent article by governance guru and author of Leveraging Good Will Alice Korngold had me nodding my head vigorously. "The Role of the Nonprofit Board: Four Essential Factors for Effective Governance” is an essential reminder for nonprofit leaders and board members of the important relationship between executive director and board as well as their linked responsibility in moving the organization forward rather than maintaining the status quo. Korngold discusses the following four factors for superior governance...

 

Read about the four factors at Finance Fundamentals

 

by Erica McGeachy Crenshaw, Execute Now!

Tags:  Alice Korngold  Execute Now!  Finance Fundamentals 

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Economic logic makes your business model more durable

Posted By Erica Crenshaw, Execute Now!, Tuesday, September 25, 2012

There's a lot of discussion about business models today because nonprofits realize they operate in a fierce economy just like corporations. Nonprofits shoulder the incredible task of doing more with less despite increasingly competitive resources. They tackle more business-like practices while not losing sight of their imperative...

Test your business model's durability at the Finance Fundamentals Blog

 

by Erica McGeachy Crenshaw, President/CEO of Execute Now!, Inc.

 

Tags:  Execute Now!  Finance Fundamentals 

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Government funding: Overcoming too little and too late

Posted By Erica Crenshaw, Execute Now!, Tuesday, September 11, 2012

According to the Nonprofit Finance Fund's 2012 Survey Results, more than 75 percent of nonprofits depend on federal or state funds. Yet, these contracts often fail to cover the full cost of the program but also over half these contracts are paid behind schedule. If the majority of nonprofits depend on resources that are too little and too late, there are several strategies you should put to work in your organization.

While rural nonprofits are particularly affected by these sobering funding statistics, my team at Execute Now! has actually observed this problem across the board with virtually all organizations that tap state government resources. If you plan to make federal or state funding part of your funding mix, we'd like to offer the following strategies...

Read recommended strategies at the Finance Fundamentals blog

 

By Erica McGeachy Crenshaw, President/CEO of Execute Now!, Inc.

Tags:  Execute Now!  Finance Fundamentals  government funding 

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Part two: Build a financially strong nonprofit with cash flow management

Posted By Erica Crenshaw, Execute Now!, Tuesday, August 28, 2012

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. 

 

Tags:  cash flow  Execute Now!  Finance Fundamentals 

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Build a financially strong nonprofit with cash flow management

Posted By Erica Crenshaw, Execute Now!, Tuesday, August 14, 2012

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 discussed 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.

Below are a few of the most important strategies for building your financial stability:

1) Set cash flow goals

2) Acknowledge the factors that may impact cash flow

3) Monitor your cash flow position

 

Click here to read more in the Finance Fundamentals blog

 

By Erica McGeachy Crenshaw, President/CEO of Execute Now!, Inc.

 

 

Tags:  Execute Now!  Finance Fundamentals 

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Part two: Is your organization thirsty for overhead support?

Posted By Erica Crenshaw, Execute Now!, Wednesday, August 1, 2012

In part one of this post, I illustrated your organization's need for overhead support is analogous to our thirst for water.

If you were desperately thirsty for a drink of water, you wouldn't fill a funnel; you would fill a glass.

The same theory applies to your organization. While fundraising is paramount in any nonprofit, filling the glass in your nonprofit involves the equally important task of financial accounting and management.

Nonprofits who disregard the importance of financial management know-how are allowing much-needed funding slip through the funnel and into the glasses of more savvy beneficiaries.

Soundly managing your hard-earned dollars involves three steps.

Click on the link below and visit the Finance Fundamentals blog, free to LANO Members and Friends.

1) Recognize that your fundraising results are only as good as your diligence.
2) Analyze your true overhead costs.
3) Legitimize funding for programs and overhead.

 

Read about these three steps at Finance Fundamentals

by Erica McGeachy Crenshaw, President/CEO of Execute Now!

 

Tags:  Execute Now!  Finance Fundamentals 

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Financial Seminar a Huge Success!!

Posted By Erica Crenshaw, Execute Now!, Monday, April 23, 2012



 FOR IMMEDIATE RELEASE

Contact:

877-504-0954, ext. 1

April 23, 2012

New Orleans, Louisiana

The Louisiana Association of Nonprofit Organizations hosted a leadership seminar, The Lessons of Hull House: Avoiding Failure Through Financial Leadership on April 23, 2012. Erica McGeachy Crenshaw, CEO of Execute Now! and Dr. Keith H. Liederman, CEO of Kingsley House spoke to an audience of primarily Executive Directors.

Mrs. Erica Crenshaw, with her 16+ years of experience in finance, explained why the Jane Addams Hull House collapsed.

She spoke of lessons learned from Hull House:

  • Lack of Leadership Stability
  • Lack of Urgency (form mergers or partnerships)
  • Lack of Financial Performance Monitoring
  • Debt-Ridden
  • Revenue Imbalance - 85% of total revenue from government funds

She further expounded by saying, "the crux of the issue came from the lack of good, honest and timely financial information." She went on to explain the difference between an audit and finance committee, and why it's important to have both.....

[READ FULL RELEASE]

Tags:  execute now!  financial  leadership  seminar 

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"Critical Questions" Board Finance Webinar Now Available in Archive

Posted By Erica Crenshaw, Execute Now!, Wednesday, November 30, 2011

 

How much do you know about your organization's financial health?  Do you know how to explain it to your Board? 

A live webinar held earlier this month by financial back-office service provider Execute Now! provided LANO Members and Friends the answers to these questions and more.

As promised, we now have an archived version of the same presentation available for free viewing by all General and Associate Members, and Friends of LANO. 

To view this webinar, click here.

If you are prompted to download additional software allowing your computer to play the above archived presentation, go here for a free download of the GoToMeeting codec (software).

 

Tags:  execute now!  webinar 

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