Serving on a nonprofit board can be a meaningful way to apply your expertise outside the walls of your business, but finding the right opportunity and making the most of it requires more than good intentions.
Nonprofits should ditch the economic crystal ball and establish portfolios that will weather market volatility.
More than half of nonprofit executives surveyed said their organizations had cash on hand of three or fewer months and 18% had one month or less. That’s compounded by a majority of survey respondents expecting service demand to increase during 2025.
As a nonprofit attempts to grow, a lack of strategic planning and focused goals can quickly derail efforts. With many nonprofit organizations navigating a constantly evolving landscape, developing a concrete roadmap is essential to overcoming challenges and meeting set goals.