April 30, 2015 Meeting:
You can’t save your way to sustainability
For most nonprofits, merely maintaining the financial status quo is generally not viable. Organizations 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. David Orlinoff, a former nonprofit CFO, led the discussion about the group’s respective experiences with sustainability strategies and how to identify ways we can be helpful to our organizations in reaching stronger financial positions. David has been providing financial and strategic consulting and financial and operating management services for the past 30 years and is a principal at Concord Financial Organization.