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Webinar: Navigating Uncharted Waters During a Period of Hyper-Change and Pivoting to 3-Month Rolling Budgets

Authored By: D.C. Bar Pro Bono Center

Webinar

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Given the current impact of COVID-19 on fundraising and operations, nonprofits are faced with the challenge of responding to “hyper change.” This webinar will provide fiscal and financial strategies and guidance for nonprofit leaders and their organizations during this time of uncertainty. When and how should you protect your organization’s assets? How is best to position financial resource utilization during a hyper change period until “true” recovery begins?

We will begin by exploring a framework for a thoughtful approach that favors using a financial bias of protecting the financial position of a nonprofit organization when considering key management decisions that must be made during a period of disruption, uncertainty and hyper-change.

Next, we will discuss how to evaluate organizational financial health and the implications of an unpredictable crisis and the resulting economic downward pressure on funding and the increased use of operating reserves and the changing demand for services and programs all of which could lead to rapidly growing deficits.

We will conclude with a new strategy pivoting away from having a fiscal year and annual budget focus and moving to three-month (90-day) rolling budgets as a planning focus. This pivot requires close attention to planning and assessing three-month performance vs. over-focusing on annual performance.

Join the D.C. Bar Pro Bono Center and presenter A. Michael Gellman, CPA, CGMA, Founding Principal/Shareholder of Fiscal Strategies 4 Nonprofits, LLC (FS4N) and Sustainability Education 4 Nonprofits (SE4N).

Download the Slides

Download the 3-Month Rolling Budget Template

Download the Financial Health Worksheet Template

Last Review and Update: Jun 16, 2020
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