Nonprofits Count

From the last issue

Managing and Adapting in a Time of Uncertainty

Because of the sources of nonprofit income, the nonprofit economy typically lags the general economy. As a result, we are just beginning to feel the full impact of the current downturn. This also means that our economy will begin to rebound about a year after the rest of the country. We need to be prepared to face a challenging financial period.

Complicating matters, nonprofit leaders are being challenged by all of their funding sources to develop new ways of operating to maximize efficiency, effectiveness, and economic sustainability. According to Jodi Sandfort, associate professor at the Humphrey Institute and senior fellow at the Minnesota Council of Nonprofits, "We are in a fundamental sea change. This isn't a temporary shift."

It is clear that nonprofits are being asked to do more with less. How do you go about working smarter? Nonprofits Assistance Fund has resources to help nonprofits make informed decisions. Managing and Adapting in a Time of Uncertainty is a guide that you can use to understand your situation, set priorities with your mission in mind, and develop strategies for a sustainable future. In addition, we are available to conduct a free Financial Needs Assessment to help you better understand your financial circumstances and offer strategic guidance to help you move forward.

Continue reading the July 2008 issue of Nonprofits Count.

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