“As the old saying goes, an ounce of prevention is worth a pound of cure, so the nonprofit organizations who do such critically important work in our communities need to be prepared to navigate the challenges that will face them down the road. The time to start planning for the next one is now.”
The ongoing federal government shutdown has far-reaching consequences for federal government workers, their families and more. One segment deeply affected, and one that we know best, is nonprofit organizations. Many nonprofits are experiencing a decrease in federal funding and an increase demand of services. So how do nonprofits face this adversity? Your Part-Time Controller President & Founder Eric Fraint discusses the shutdown’s impact on the nonprofit clients YPTC works with, and how nonprofits can find stability and resilience despite the circumstances, in a recent Philadelphia Business Journal op-ed.
Read the full article here, and contact us to learn how to set up financial forecasting models for current and future events.