Episode 059 | Balancing Mission and Funding in the Nonprofit Industry

While many industries are facing post-pandemic issues with labor shortages and changing regulations, organizations in the nonprofit industry often see these issues amplified due to their tighter budgets and compliance requirements. The need for nonprofit services is higher than ever before, but pandemic funding from PPP loans, the CARES Act and ERTC credits is disappearing.

So, how do nonprofits keep up?

Our hosts are joined by two of the firm’s nonprofit industry experts Michelle Sanchez, CPA, and Jennifer Williams, CPA, to discuss how nonprofits should use their missions to build overall business strategies. Learn how your nonprofit can address funding, hiring and budgeting issues in this episode of The Wrap. 

In this episode, you’ll hear: 

• Information about how labor shortages and turnovers are affecting the nonprofit industry’s ability to find the best employees
• Commentary on budgeting and finding sources of funding in a post-pandemic world
• Insight and advice on whether ERTC funds might be too good to be true
• Advice on how to use your nonprofit’s mission to build an overall business strategy 

Resources for additional information:

• Previous Podcast Episode: Building a Strong Board of Directors for Your Nonprofit
• Blog: Nonprofit Ratios: How to Use Them and What They Measure for Your Organization
• Blog: Financial Best Practices for Nonprofit Organizations [And Why They Are So Dependent on Timely and Accurate Financial Reporting]
• Blog: How to Make a Nonprofit Budget [Six Steps for Success]
• Blog: What Does it Mean to Be a Nonprofit Organization? 
• Event Invitations: Subscribe to receive invitations to future Nonprofit Roundtables.