October 2019
Although some nonprofits find operating on a shoestring to be “business as usual,” it’s in the best interest of the organization and its mission to have a sound financial strategy in place. Donors increasingly want to know how all sources of capital are allocated and spent. To ensure long-term viability, board members and executive leaders can conduct an appraisal to determine if adjustments should be made to better align the organization’s financial strategy to its mission.
