All of us face the challenge of responding to “hyperchange.” This webinar will provide fiscal and financial strategies and guidance for nonprofit leaders and their organizations during this time of uncertainty. When and how should you protect your organization’s assets? How can you best use your financial resources during a hyperchange period until “true” recovery begins.
The webinar will begin by exploring a framework for a thoughtful approach that protects the financial position of a nonprofit organization when key management decisions must be made during a period of disruption, uncertainty and hyperchange.
Discussion will include how to evaluate an organization’s financial health amid a crisis that results in a loss of funding, the increased use of operating reserves, and the changing demand for services and programs, all of which could lead to rapidly growing deficits.