One of my predicted “5 Nonprofit Trends to Watch in 2017” is that we will see “More Analysis of What Nonprofit Financial Sustainability Requires.” In other words, I think (hope) in this new year that nonprofit leaders and their funders will work to figure out how to make nonprofits more financial sustainable. Financial sustainability means that both […]
nonprofit financial strategy
How to Create a Nonprofit Financing (Not Fundraising) Plan
In an earlier post I talked about the common mistakes many nonprofits make in their fundraising plans. The biggest mistake is that they create a fundraising plan, not a financing plan. If you are serious about raising enough money to accomplish your goals, you need to create an overall Financing Plan for your organization. To […]
The Savvy Nonprofit Business Model: An Interview with Kate Barr
In this month’s Social Velocity blog interview, we’re talking with Kate Barr, Executive Director of Nonprofits Assistance Fund, whose mission is to foster community development and vitality by building financially healthy nonprofit organizations. Kate has led the organization’s growth as a premier resource for training, strategic financial counsel, and financing for nonprofit organizations in Minnesota. […]
The Critical Alignment of Mission, Money and Competence
The struggles and challenges nonprofits face all come down to one key problem: a misalignment of mission, money and core competencies. For any organization three things must be aligned: 1) their mission, or reason for existing 2) their core competencies–what they do better than anyone else in the world, and 3) their resource engine–all the ways […]