Nonprofit budget changes
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Can someone please provide some assistance with a question. Its for an MBA course. It needs to be between 550 and 650 words or so. Your nonprofit receives 20% of its revenue from fundraising, 60% from government for a specific program, and 20% from the fees people pay for your services on a sliding scale. The government contract is likely to be cut by 30% in the next fiscal year. What actions can you take to respond to that significant cut to your total budget? Think in terms of the organizational structure of your nonprofit. Please include a question for your peers. Thank you so much in advance for your help. I really appreciate it.
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Solution Summary
Nonprofit budget changes are determined. A potential step by step process for nonprofits when grants are cut.
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As with any change, the process is to start at the beginning and analyze each step for value. The first thing is to verify the changes to the budget and make sure of how much it translates to in actual dollars. Then the mission and vision statements should be analyzed so people are aware of what they mean in terms of the organization and its clients.
Each project, department, and grant should be reviewed for potential. What funds are being cut for which program should be noted and removed while analyzing what is left in terms of funding and programs. Each department supplies its work, value to the organization, and jobs—positions ...
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