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By Nathan Musgrove, CPA & Founding Partner
Excelsior Accounting Services
If you're leading a nonprofit right now, chances are there is one particular stressor that is keeping you tossing and turning at night – funding. Federal grants that seemed secure just months ago are suddenly frozen or gone entirely. For many small nonprofits, this isn't just a budget headache – it's an existential threat. When 30%, 40%, or even 50% of your revenue disappears overnight, every decision feels impossibly high-stakes.
The ripple effects go far beyond the immediate cash crunch. You're likely wrestling with impossibly challenging choices: Do we lay off staff who've been with us for years? How do we explain this to our board? Should we drain our modest reserves? What happens to the families, students, or communities counting on our programs? These aren't just financial questions – they strike at the heart of why you got into this work in the first place.
Here's the good news: while we can't control what's happening with the broader funding environment, we can control how we prepare for it. With some straightforward planning tools – none of which require an accounting degree to understand – you can position your organization to weather this storm and emerge intact. Let's walk through exactly how to do that.
Continue reading on the Leadership Council Blog.
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