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Help Us Expand the 12 Financial Action Steps for Nonprofits!
Nonprofits must stay financially strong to sustain their missions, and the 12 Financial Action Steps https://nonprofitfinancials.org/resources/12-urgent-action-steps-nonprofits-2025/ provide a great foundation. But we know there’s always more to consider! What key advisory points would you add to strengthen these steps? Please post them HERE.
nonprofitfinancials.org
12 Urgent Financial Action Steps for Nonprofits: A 2025 Checklist - Nonprofit Financial Commons
In the wake of executive orders and a federal grants freeze, we offer action steps for the first phase of extended financial uncertainty.
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2 Replies
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One more point from BDO’s Hilda Polanco – COMPLIANCE is important in this environment. Now is not the time to cease dotting your “i”s. Please let us (your peers) know what your experiences with all of this stuff is. We need eachother’s counsel more than ever!
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I really like Steve and Ruth’s article because it’s one of the few recent that focuses on nonprofits taking charge of their own organizations and their own capabilities.
One tactic alluded to in the article can be fleshed out in the medium and longer term. Namely, the analysis and planning of new development/fundraising strategies designed to minimize reliance on a single funding source, whether governmental or otherwise. This actually involves analysis of funding streams that are philanthropic, contractual, fee-for-service, and/or other in nature.
It also involves the sourcing and mapping of all revenue streams, such as when federal funds are granted to states on an allocation basis for subgranting to local governments for grants to nonprofits, or where states grant funds received from the federal government to nonprofits directly. Too many nonprofits misunderstand the extent of the funding stream and assume funds granted by local or state government are local or state funds when the ultimate funder is the federal government.
There are analogous situations where the federal government grants funds to a national nonprofit which, in turn, subgrants funds to local chapters and communities, either directly or through other intermediary organizations.
