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Webinar – Leadership Forum-Nonprofit Finances: From Sustainability to Survivability
May 5, 2020 @ 12:30 pm - 1:30 pm
Training facilitated by Steve Zimmerman of Spectrum Nonprofit Services, LLC.
Over the last month, nonprofit professionals have scrambled to devise new operating plans designed to serve as many constituents as possible while protecting and caring for employees.
Revenue streams, from foundations to individuals and even fees for service, have been under extreme pressure. Indeed, for many executives, thoughts today are focused more on survivability than sustainability, and, as always, it is at these times our constituents need us most.
As organizations adapt to their new realities, stabilize, and think strategically about what happens next, there are steps leaders can take to increase the likelihood of success amid these challenging times.
We’ll discuss these steps, offering tools and approaches that leaders can take back to their organizations and implement immediately.
- Understand the implications of the organization’s cash position and options to stabilize.
- Use a framework for making strategic decisions that balances impact and financial considerations.
- Explore the art of decision-making in times of crisis to determine how best to communicate with stakeholders.
Steven Zimmerman, CPA, MBA
Steven Zimmerman, CPA, MBA is the Principal of Spectrum Nonprofit Services where he provides training and consulting in the areas of finance and strategy for community-based organizations, foundations and government agencies throughout the country.
Learn more about Steve
Steve is a co-author of two books on nonprofit sustainability published by Jossey-Bass, The Sustainability Mindset: Using the Matrix Map to Make Strategic Decisions with Jeanne Bell of CompassPoint published in 2014 and the best-selling book Nonprofit Sustainability: Making Strategic Decisions for Financial Viability with Jeanne Bell and Jan Masaoka of CalNonprofits published in 2010. The books highlight Spectrum’s integrated approach to nonprofits which balances mission impact and financial viability. Steve’s writing has also appeared in The Nonprofit Quarterly, the Finance and Strategy column for Blue Avocado, and various BoardSource publications. Prior to starting Spectrum, Steve was a Projects Director with CompassPoint Nonprofit Services, one of the nation’s leading nonprofit consulting, training and research providers. 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. He is a Certified Public Accountant and earned a BA from Claremont McKenna College and an MBA from Yale University..