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Sound Financial Management Helps Nonprofits Through the COVID-19 Pandemic

Sound Financial Management Helps Nonprofits Through the COVID-19 Pandemic

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June 2020

As the new paradigm of the global pandemic sets in, many nonprofit organizations are pivoting to adapt and cope. Many organizations are making changes to their services, operations and fundraising activities.

Sound financial management practices and analyses can help provide the foundation for decision-making about operations and services. They help boards and leadership teams quickly understand the financial impact of lost revenue on operations and how to address necessary expense reductions.

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