There is a lot of buzz about sustainability during these challenging times.
Traditional sources of revenue have been squeezed by stay-at-home orders, public health concerns and reductions in government funding. Special events, performances and classes have had to be postponed or cancelled. A program that had been a large percentage of an agency’s budget may have suddenly dried up, while a relatively small program may have experienced an uptick in demand.
It is almost impossible to plan with so many factors still unknown!
I recently read Nonprofit Sustainability: Making Strategic Decisions for Financial Viability by Jeanne Bell, Jan Masaoka & Steve Zimmerman. The book is not new, but I had not come across it previously. It provides a step-by-step guide for nonprofit business analysis.
Read more: Nonprofit Sustainability