During periods of uncertainty, budgeting for non-profit organizations can be an especially daunting task. To help navigate tumultuous times, Jennifer Banks, Manager at Your Part-Time Controller, recommends taking a long-term approach by projecting multiple years ahead, while also conducting a thorough analysis of past accomplishments and challenges using the SWOT framework. Additionally, Banks stresses the importance of involving all team members responsible for financial processes within the organization to streamline the process and increase it’s success.
Budget Planning For Nonprofits! from American Nonprofit Academy on Vimeo.