In December 2008, Fiscal Management Associates (FMA) and the Nonprofit Finance Fund (NFF) joined together to present a workshop that offered nonprofit leaders concrete tools to lead their organizations in response to the current ecnomic challenges. With the support of The Clark, Robin Hood, and Tiger foundations, the tools and presentation from this program are available online here. The link offers a 90 minute webinar and powerpoint and various tools.
Topics include:
- How the current market environment will affect nonprofits
- Practical scenario planning and modeling: how to develop smart, strategic responses
- Recognizing the hidden opportunities to strengthen your standing
- Revenue and expense considerations
- Cash flow management and managing credit
- Role of the Executive Director and Board in leading the organization through a downturn
The link provides assessment tools and checklists to keep you grounded during crisis periods. Also included is a list of cost reduction strategies.
Available tools include:
- Recession Checklist
- Recession Tips
- Cash Flow template
- Financial Matters for Bankers
- Reserve Options
- Scenario Planning Model
- Cost Reduction Strategies
- Cost Containment Discussion
- Scenario Planning Process
- Strategic Alliances Checklist
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