A Board’s Guide to Surpluses and Deficits
Written by Kay Snowden for the Nonprofit Quarterly and published in September 2008, this is a reflection on the needs of nonprofit organizations when it comes to keeping a balance.
“All organizations should be conservative in their revenue projections and run a surplus every year, just as we should all have spotless houses and raise well-behaved children. But the real world of compelling needs and limited resources is much more challenging. What’s an organization to do?”
