A Formula for Nonprofit Financial Sustainability

Sustainability is one of those buzzwords that has caught fire in recent years.  Nonprofit sustainability is dependent upon many factors, including governance, planning, outcomes measurement, and of course, financial stability.  This class will define what financial stability means and tactics on how to manage it, all with the goal of having a financially sustainable organization.

 

It will look at the factors that are essential to your organization's financial stability beyond simply generating enough money to stay afloat, such as accumulating reserves and providing for contingency planning. Exploring the key concepts of financial stability, including those areas that put an organization at risk as well as the ability to invest in new services that meet the community's needs, will make those responsible for the management of an organization better armed to create a plan to ensure that it will endure and continue to perform its mission.