Quinn
Forum Replies Created
-
We are keeping a close eye on cash flow, to be honest. Tapping into a line of credit can be a common fallback, although it is certainly not ideal. I think the key is maintaining open communication with funders and having a contingency plan ready. It is rather like keeping an umbrella handy even when the sun is shining. You may not need it, but you will be glad to have it when the weather turns.
-
Finding that figure can be a bit of a treasure hunt, can it not? The simplest approach is to check your previous year’s filed tax return, particularly the section that details revenue and expenses. Another option is to look at the board-approved operating budget for the current year. If that is what the form is requesting, they are usually looking for the total projected income or expenditure.
-
There is plenty to unpack in this discussion. Excel remains perfectly capable for many smaller organisations, particularly when the system is kept tidy. Reimbursement delays can put real pressure on cash flow, so reserves and a mix of funding sources can provide some breathing room. I also like the point about unrestricted funding. Sometimes flexibility is more valuable than another tightly restricted grant.
-
The point about board members forgetting financial information really resonates. Short dashboards and occasional refreshers can probably do more than another forty-page report. Recruiting people with finance knowledge helps too, but training should not be overlooked. We often ask board members to bring passion and then expect them to understand the accounts by magic. That seems an unfair bargain.
-
Hello Wade. This certainly looks like encouraging news for many nonprofits. The increase to a 15 percent de minimis rate is particularly interesting. I think the changes around reimbursement could also make a meaningful difference. Having access to funds sooner can ease some of the cash flow pressure smaller organisations face when managing federal grants. It could also lower some of the practical barriers for smaller nonprofits considering federal funding. I would be interested to see whether these changes encourage more organisations to apply.
