NOT FOR PROFIT CHALLENGES
Not for profits face relentless pressure to meet short term financing
needs. this can shortchange the longer term process of goal setting
and organisational development.
Not for profits must establish and enhance their financial effectiveness,
including their reporting and financing within an increasingly
resource constrained environment.
NOT FOR PROFIT SOLUTIONS
Forecast Vision helps demonstrate, in an structured fashion,
the steps required to provide non profits with a stable financial
base.
Ability to set goals and track the performance of specific programmes
or capital projects, as well as general administrative expenses.
Effective forecasting demonstrates the commitment to financial
management that donors require to obtain confidence in the non-
profits capacity to operate effecively and with vision.
NOT FOR PROFIT EXAMPLES
A volunteer emergency service assessing the level of funding required in order to be able to expand its trauma services.
Shortening the business planning cycle involved with deciding, presenting to the board, the financial appropriateness of combining two charities. |