How much of a reserve fund should you have? We can debate exactly how much is too much some other day, but I bet you know your nonprofit should have a much bigger reserve than it has now. Could your organization survive another Great Recession? The challenge we all face is finding that balance between “Money” and “Mission.” Nonprofits don’t exist to “make money.” But we … [Read more...] about The Money & Mission Balance
Is your nonprofit running a Sprint or a Marathon? Beware – you might be running a Marathon as if you are running a Sprint. Here are a few questions you can answer that will tell you if your nonprofit is running a Sprint or Marathon: Is your staff compensated above the seventy-fifth percentile for their positions in comparable organizations? Do you regularly budget for and … [Read more...] about Are You a Sprint or Marathon Nonprofit?