Communication is Key to Financial Leadership

If you’ve ever read anything about leadership development, you are well aware of how crucial communication is for leaders. They need to articulate their vision, discuss strategy, woo donors, and motivate staff. We know the difficult consequences that can arise when communication breaks down and how leaders often need to over-communicate in tough times to help turn things around.

It's Never About the Donuts

I felt sick to my stomach. After a month of avoiding a serious look at our budget and a reforecast for the next six months, I was seeing a deficit of ($80,000). I knew that grant funding had not come in as expected and that donations were slower than previous years. I knew that we had included more stretch goals than baseline fundraising goals. I rechecked my forecast as the dread and fear sunk in.

How Board Members Can Learn to Spot the Red Flags

Here we go again. A few weeks ago Nonprofit Quarterly reported about the fallout from reports by FEGS Health & Human Services in New York of an unexpected $19.4 million loss:  changes in the executive office and cuts to programs and budgets. Like many others in the sector, one of my first reactions is to ask, “Where was the board?”

Programmatic Sustainability: Are we there yet?

How do you know your programs are sustainable? Do you have the tools to tell you how you are doing, or are you like the kid in the backseat wondering, “Are we there yet?”

New how-to resource to understand the true cost of programs – coming soon!

We are excited to announce that we're putting the finishing touches on a new program budget and allocation tool. Sign-up for early bird notice of the new resource and you’ll be among the first to receive our new guide and spreadsheet template that breaks down the process of understanding true program costs.

Can I have some more slack, please?

Kate Barr writes about the payoffs of building organizational cushion, both in staff time and financial reserves.

Build financial leadership to follow the golden rules

In this blog post, Stephanie Jacobs recaps a recent training about the twelve golden rules of nonprofit finance.

Value, cost, and price: a nonprofit dilemma

In this post, Curt Klotz talks about the importance of placing value and cost to the services nonprofits provide. He encourages nonprofits to value our work beyond the traditional definition of cost.

Busting the Nonprofit Overhead Myth starts with you

When the topic of overhead costs comes up, there is always a shared sentiment that we need to work together to change the emphasis on this single ratio and focus on quality, results, and impact. In this blog post, Kate Barr urges nonprofits to communicate beyond overhead, and it can begin with changing your financial pie chart.

Be provocative: Embrace your nonprofit-ness

Last week, Nonprofits Assistance Fund and Minnesota Council of Nonprofits presented our 3rd Annual Nonprofit Finance and Sustainability Conference. The turnout was fantastic: 415 nonprofit staff and board members. Our keynote, Phil Buchanan, president of the Center for Effective Philanthropy, set the conference, and Twitter, abuzz with his great lead on the theme Embracing our Nonprofit-ness.