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Financial Management for Nonprofit Sustainability

Your organization has already cut expenses across the board to try and rein in costs. You’ve asked your staff to take a pay cut. You’ve eliminated positions. But, how do you begin to restructure? How can you create an organization that has impact while being financially viable? This webinar takes a look at the dual-bottom line of nonprofits – understanding the true cost and mission impact of each of your programs in order to make difficult strategic decisions for sustainability. We’ll help you not only see your organization’s business model in a new light, but provide directions on how to strengthen it for a brighter future.

Special Features: In advance of the webinar, attendees will receive a Financial Leadership Resource Packet. After the webinar, they will receive the PowerPoint presentation file used in the session as well as access to answers to future questions, leads on additional capacity building resources, and more.

Who Should Attend: Executive Directors, senior managers and board members of organizations that are coping with shrinking budgets or looking for new ways to structure their organization to more effectively deliver service.

Attend As A Team: This webinar can be viewed by several people from the same organization using one computer making your investment in Financial Management for Nonprofit Sustainability even more cost effective.

Learning Objectives

At the conclusion participants will:

  • Understand the components of the true cost of each program including direct, shared and administrative costs and be able to calculate the subsidy or surplus of each program
  • See the organization’s business model as a portfolio of activities that each contributes to mission impact and financial viability and have a tool they can use to do so
  • Know the strategic imperatives to take in order to strengthen their business model

Presenter: Steve Zimmerman

Session Agenda

Why across the board cuts are dangerous

Reframing Sustainability and your organization

  • Integrating program and finances
  • Sustainability as an orientation

Understanding the true costs and profitability of your programs

  • Expense break down and allocation
  • Allocating revenue

Seeing your current business model with the Matrix Map

Strategic imperatives to strengthen your business model

The role of leadership

Presenter Bio: Steven D. Zimmerman, Spectrum Nonprofit Services

Steven D. Zimmerman, CPA, MBA is the Principal of Spectrum Nonprofit Services where he performs training and consulting in the areas of finance and strategy for community-based organizations throughout the country. Spectrum Nonprofit Services provides strategy and management expertise to enable nonprofits to work more effectively as they better our society and enrich our lives. Steve offers data-driven management consulting based upon the theory of the dual-bottom line of nonprofits – mission impact and financial viability - and helps organizations better understand their intended impact, business model and how their different activities interact to create a viable organization with high impact. When leadership understands these elements they are better positioned to make ongoing strategic decisions to strengthen their organization.

Steve is co-author of the new book "Nonprofit Sustainability: Making Strategic Decisions for Financial Viability" published by Jossey-Bass in 2010. He writes the Finance and Strategy column for Blue Avocado, an online magazine for nonprofits with over 60,000 subscribers, and has also written for The Nonprofit Quarterly, Board Source and spoken nationally on these topics. Prior to starting Spectrum, Steve was a Projects Director with CompassPoint Nonprofit Services, one of the nation’s leading nonprofit consulting, training and research organizations. Steve contributed to development of CompassPoint’s Business Planning framework, wrote and delivered trainings in finance and fundraising and consulted on management issues to organizations ranging from $250,000 to over $20 million in revenue. While there Steve co-authored with Jeanne Bell the California Nonprofit Integrity Act Toolkit. Steve’s extensive nonprofit experience includes serving as a Chief Financial Officer, Development Director and Associate Director at community-based nonprofits where he performed turnarounds resulting in increased financial sustainability and programmatic reach.

Steve approaches nonprofit management with a passion for mission-based organizations and a strong foundation in finance. He is a Certified Public Accountant and earned a BA from Claremont McKenna College and an MBA from Yale University

"There is nothing so useless as doing efficiently that which should not be done at all." Peter F. Drucker  View Past Quotes

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Revised: June 20, 2016