PHIMC Chief Financial Officer Donna Blackwell, CPA, MBA, offers guidance to non-profits worried about sustainability, in her role as a member of Forbes Nonprofit Council:

“If your organization is like most small nonprofits today, cash is tight and making payroll has become a concern. As a nonprofit leader, you might’ve been thrilled when you heard about the Payroll Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL), but maybe your heart sank when you heard the words “credit score” and “collateral,” or felt uncertainty about being able to apply or complete the application. What’s more, you might not have known how much revenue, program expense and operating expenses your organization generated in 2019.

“For nonprofit leaders, there’s the fear that the cash left in the bank will run out, and that the money from these programs may not be enough to cover the organization’s costs. In my experience with fiscal management and financial strategies, I’m especially aware of how nonprofits are coping during this crisis. Some nonprofit leaders may be wondering about other ways they can continue to support their staff and mission, and I believe that small nonprofits have important opportunities within their reach that bear consideration . . .” says Donna.

Read the full article here on Forbes:
Options For Nonprofits Worried About Sustainability

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