Nonprofit Employee Compensation: A Dangerous Legacy
When I started my consulting firm, my Dad gave me some wise advice. He told me that a business isn’t a real business unless it pays employees a living wage – and still has...
Tagged: financial planning
Operating Reserves: How Much is Enough?
A few weeks ago, the president of an all-volunteer youth sports league asked me how much operating reserve his organization should have on hand. I started to tell him that most organizations should aim...
Using Financial Models to Inform Fundraising Choices
Are you having difficulty helping your board (or your executive team) understand the implications of various fundraising tactics? Try using a financial model to help inform the decision. Experienced development professionals understand intuitively how...
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