Nonprofit

4 Steps Every Nonprofit Should Take to Leverage Their Data

By |2021-04-08T11:09:49-05:00April 5th, 2021|Advisory, Goals, KPIs, Nonprofit, Performance Measurement|

  Management and employees at every level of an organization use data every day to make decisions, and we now have more information at our fingertips than ever before. For organizations to be truly agile and proactive, it is essential for leaders to have accurate and relevant data in a format that they can quickly [...]

5 Blind Spots To Avoid When Scaling Your Nonprofit

By |2021-04-08T11:09:35-05:00March 15th, 2021|Advisory, Budget, Cash Flow, Change, Goals, Internal Control, Leader, Nonprofit, Performance Measurement, Preparation, Process Optimization|

  As your organization grows and scales, there are blind spots that sneak up on you. Things were going well in your organization; you were cruising along, enjoying the growth and sustainability and then … BAM! New problems and opportunities seemingly come out of nowhere. Each stage of an organization (startup, growth-stage and maturity) has [...]

5 Blind Spots to Avoid When Scaling your Business

By |2021-04-08T11:09:20-05:00February 15th, 2021|Advisory, Budget, Cash Flow, Change, Goals, Internal Control, Leader, Nonprofit, Performance Measurement, Preparation, Process Optimization|

  Growing a business is a lot like an amusement park. It’s exciting, fun, overwhelming and nauseating. It’s a roller coaster of fear, confidence, joy and panic. It’s a tilt-a-whirl of influence, innovation, and concern. The growth stage of business can be a wild ride, especially when the growth occurs rapidly. This array of emotions [...]

Cash Flow Management Practices For Your Nonprofit

By |2021-04-08T11:12:17-05:00February 1st, 2021|Accounting, Budget, Cash Flow, Donation, Fundraising, Nonprofit|

If you have ever heard the expression “cash is king,” it’s because it is, for now at least. Bitcoin and other cryptocurrencies have been taking off recently, but cash still rules the roost for now. As one of your organization’s top resources, it’s essential that cash is well managed, which includes understanding the timing [...]

How to Calculate and Evaluate Nonprofit Program Profitability

By |2021-01-22T16:53:35-06:00January 20th, 2021|Accounting, Cash Flow, Deductions, Fundraising, Nonprofit|

  Amid the uncertainty of 2020 and into 2021, leaders in all industries are taking a close look at their revenues, costs, and cash flow. These considerations are important and sometimes urgent, especially in the past year or so. One approach is to focus primarily on cash flow. A cash flow focus alone won’t always [...]

3 Nonprofit Considerations During High Growth Times

By |2020-10-19T10:50:22-05:00September 22nd, 2020|Nonprofit, Performance Measurement, Preparation|

The number of nonprofit organizations in the U.S. with an annual revenue of over $1 Million has increased dramatically over the last decade. During high growth times, organizations must dedicate time to their reporting needs; as revenues increase, so do expenses. To maintain accurate and relevant financial reporting, organizations need to properly organize expenses, analyze [...]

4 Steps for Fundraising in Times of Crisis and Uncertainty

By |2020-09-17T16:44:42-05:00June 30th, 2020|Budget, COVID-19, Donation, Fundraising, Goals, Nonprofit|

As we navigate this time of worldwide economic uncertainty, saying these times are “challenging” in the nonprofit world is understating the reality. While the ongoing COVID-19 crisis has affected organizations in different ways, nearly every nonprofit is concerned with maintaining donor engagement and achieving fundraising results. Many institutional donors have stepped up with accelerated distributions [...]

3 Key Financial Ratios That Every Nonprofit Should Track

By |2020-07-14T15:39:48-05:00June 9th, 2020|Advisory, Assurance, Budget, Nonprofit, Saving|

Let’s face it, every month you review the same financial statements, which are most commonly: the statement of financial position, the statement of activities, and possibly the cash flow statement. Do you take the next step and dig deeper into these financial statements by calculating the key financial ratios that are important to your organization? [...]

Why Donate? Enhanced Charitable Giving Incentives

By |2020-07-15T14:25:06-05:00May 12th, 2020|Assurance, Change, COVID-19, Donation, Fundraising, Nonprofit|

Everyone is learning and adjusting during this COVID-19 pandemic because every day is different, requiring us to live, work, and play in ways we had not before. As the world feels the economic challenges of the COVID-19 crisis, there are new challenges that are arising for nonprofit organizations, especially with maintaining donor involvement. While this [...]

Your Accountant Left – Where to Go from Here?

By |2020-04-01T16:06:13-05:00March 24th, 2020|Advisory, Assurance, Budget, Change, Internal Control, Nonprofit|

  In the current economic and social climate, turnover is inevitable. Talented people land different jobs, move away, or retire. When turnover happens in your accounting department, most organizations experience some uncertainty and concern over the accounting function. You may wonder “how will we produce our financial reports next month?” or “how can we do [...]

Go to Top