12 Key Metrics to Monitor the Financial Health of Your Nonprofit | January 13, 2021
ioi_ab's bookmarks 2022-06-23
Summary:
"Nonprofit finance leaders are responsible for ensuring good stewardship of donor dollars, so the greatest possible percentage of resources can go toward achieving your mission and not operational expenses. Nonprofit leaders want to make the biggest impact possible, and donors also demand full transparency and accountability before committing their money to a cause. Right now, it’s never been more important to find ways to continuously monitor the financial health of your nonprofit organization. A 2018 analysis of nonprofit financial health conducted by Oliver Wyman, SeaChange Capital Partners, and GuideStar by Candid concluded that among U.S. nonprofits: 7-8% are technically insolvent with liabilities exceeding assets..."