Balancing the Demands of Business With Your Not-for-Profit Mission
As a result of the uncertainty in financial markets and the resulting economic turmoil, philanthropists and other charitable donors may be unable to contribute as much as they would like to, which can result in flat or even declining revenue growth for not-for-profit (NFP) organizations. The reduction in revenue – not to mention the loss on investments – as well as intense regulatory oversight and scrutiny translate to significant challenges for NFP institutions.
To effectively achieve your overall mission, it is imperative to secure funding by demonstrating valuable program outcomes to your stakeholders, while at the same time improving operational efficiencies and ensuring compliance with financial and regulatory requirements.
NFP industry leaders must make crucial decisions about fiscal management, collaboration, and outsourcing opportunities. With the rising costs of operations and declining endowments that force budget cuts, NFPs need to identify new ways to achieve business efficiencies and improve cash flow, while remaining committed to their mission and accountable to their stakeholders.
Crowe Horwath LLP’s NFP industry professionals understand these unique and specific challenges. Crowe has developed tailored services designed to help manage operating costs, strengthen controls, mitigate the risk of noncompliance, achieve efficiencies, and optimize performance for a wide variety of clients, including:
- National and state trade and membership organizations;
- Faith-based organizations;
- Human and social service organizations; and
- Cultural arts organizations.
Learn more about Crowe’s NFP industry practice’s range of services and solutions. Crowe provides a full complement of audit, tax, risk, advisory, and performance services, each designed to provide your organization with the targeted solutions you expect.