April 30, 2015:
You can’t save your way to sustainability
For most nonprofits, merely maintaining the status quo is generally not viable. Organizations generally need to develop strategies for long-term sustainability, not only for the organization itself, but for continuity of the mission. Too often, boards and CFOs try to set and meet profitability targets by focusing on the spending side of the budget, but it’s usually growth in revenue and support that provides the most effective basis for ongoing resource mobilization. At this session we will discuss our respective experiences with sustainability strategies and identify ways we can be helpful to our organizations in reaching stronger financial positions. David Orlinoff, a former nonprofit CFO, will present. He provides financial and strategic consulting and financial and operating management services as principal at Concord Financial Organization.