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Budget-Stretching Help for Nonprofits

Lori Halley 26 January 2009 0 comments

When a recession hits and money gets tight, non-profit organizations can do three things to keep on an even keel, financially:

  1. Increase your income,
  2. Cut your costs, and
  3. Use your resources more effectively.

As you know, the Wild Apricot blog aims to help nonprofits do more with less, making efficient use of the resources you do have available, whether that's technology, human resources, or the two in combination. For expert guidance in the first two areas — how to reduce expenses and increase revenue in a downshifting economy — do take a look at these recent articles from Fieldstone consultants Alexis Cress, Tom Triplett, and Sandy Jacobsen:

* 20 Emergency Funding Sources for Nonprofits
Cash Flow Management, Contributed Income, Earned Income, Debt Financing, and Existing Assets
* 20 Cost Cutting Ideas for Nonprofits
General Advice, Purchasing, Cash Flow Management, Facilities and Infrastructure, Staffing, and Program Services

Both of these articles are structured as easy-to-read charts, from which you can pick-and-choose the ideas that are likely to work best for your organizations. Not all of the tactics that are suggested in these articles will be suitable for every nonprofit, as the authors freely acknowledge, but any organization should find a number of practical ideas here.

Fieldstone Alliance is a independent not-for profit 501(c)3 organization that offers training and consulting to help charities, associations, and other nonprofits to improve their performance, with a focus on publishing, research and innovation within and for networks of organizations. They’ve been at it for more than a quarter-century, so there’s considerable experience behind the expertise; and Fieldstone’s twice-monthly “Nonprofit Tools You Can Use” e-newsletter archives are well worth reading. And from there, you’ll be linked to even more well-vetted resources on topics of interest to nonprofit organizations.

Lori Halley [Engaging Apricot] Lori Halley [Engaging Apricot]

Posted by Lori Halley [Engaging Apricot]

Published Monday, 26 January 2009 at 12:53 PM
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