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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Keeping up to date with current laws, practices, and tools to help find, retain, and motivate employees has become increasingly complicated for nonprofit executive leaders and board members, especially those without HR on staff. At a recent Valtas team meeting, we discussed the types of challenges that we see many clients face as rules and ways of work change. […]
An 84-year-old resident of Longview passed away this year, leaving $750,000 of her estate to three local non-profits. Relying on these types of unexpected donations is one way to build up your organization’s reserves, but you can’t count on these generous gifts. Case in point is the Anacortes-based conservation nonprofit Pacific Biodiversity Institute, which just closed its doors […]
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