In my work with nonprofit organizations, I see how critical their work is for the health of a community. I am also aware that many struggle with financial challenges. Successful nonprofits tend to have leaders that know how to maximize financial resources. They use concrete strategies to do so.
When I work with nonprofit leaders, I hear about the challenges they face with cash flow. Nonprofits have historically faced a unique funding situation due to the variability of grant funding cycles and donor contributions. I recommend a tool – cash flow projection – that can help organizations maintain financial viability today and in the future.
Nonprofits address critical needs in the community. They promote awareness of issues, provide services that might otherwise be unmet, and can organize a community to make a difference. Unfortunately, nonprofits also tend to struggle with financial challenges. Successful nonprofit leaders, use concrete strategies to maximize financial resources.