As your state nonprofit association, we are here to provide resources to strengthen your organization.
As your state nonprofit association, we are here to provide resources to strengthen your organization.
As a nonprofit leader, you are juggling many issues and concerns. We all know that a stressed organization operating with the best of intentions can still make ill-advised decisions, especially in the financial arena – and the results can be damaging. We also know that sometimes seeing a financial crisis is difficult. We want to make it easier so you can recover faster. And we want you to see the challenges before you end up in crisis.
The purpose of this tool:
• It is a tool for you. We don’t expect you to share the results with Foraker or others unless you choose to do that.
• It will provide an initial assessment of your financial stability.
• It is not all-encompassing, but instead focuses on the big indicators of crisis.
• It is a start to a conversation to help you veer away from a crisis.
How to use this tool:
• Gather a small team of trusted advisors (executive director, lead financial staff, board treasurer, and/or
board chair).
• Look closely at your financial practices as you answer each question honestly as a team