Understanding nonprofit financial statements is essential for effective organizational leadership and accountability. These statements reveal whether your organization can pay its bills, sustain its programs, and weather unexpected challenges. They help you make informed decisions about spending, hiring, expanding services, or cutting costs before problems become crises. Financial statements also demonstrate transparency to donors, grantmakers, […]
Every organization needs cash to achieve their mission. Whether it’s programming, fundraising, outreach, community events, or some other initiative, everything a nonprofit does requires cash. So, what happens when an organization is using cash faster than it can bring it in? Nonprofit organizations that are burning through cash typically can’t just ask their donors and […]
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In a recent article we published our team members offered their perspective on the most important topics facing nonprofit leadership these days. Liz Swanson, a nonprofit professional with over 30 years of experience leading mission-driven organizations, offered a key insight: The biggest issue I hear from Executive Directors is the rising cost of doing business… [they] are […]
Have you heard your Executive Director or CEO say any of these things? These are all statements I have made throughout my career, and that I have heard echoed from my peers in nonprofit leadership. And that’s a problem! Each of these statements point to an unspoken issue that should concern a board of directors. […]
Read More… from Nonprofit Compensation: The Danger of Underpaying Your Chief Executive
Nonprofit retention is a hot topic right now, and with good reason! Current nonprofit employment data tells us that voluntary turnover for nonprofit employees is at 19%, compared to a national average of 12% for the entire US labor market. And while this is across all levels of nonprofit employees, we have all witnessed that burnout at […]
According to employment data from the National Council of Nonprofits, 34% of nonprofit organizations have a job vacancy rate of 10-19%, 26% have a vacancy rate of 20-29%, and 16% have a vacancy rate of 30% or higher. That means that less than a quarter of nonprofits have a job vacancy rate of under 10%, which […]
As head of CFO Selections corporate philanthropy initiatives, the question I get most often, especially now at budget time, from other company executives is, “What is the right amount of money to budget for donations?” Before answering this question, I usually ask, “What are you hoping to achieve with your corporate philanthropy?” It […]
Read More… from Corporate Philanthropy: What is in Your Budget?