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Your organization has already cut expenses across the board to try and
rein in costs. You’ve asked your staff to take a pay cut. You’ve
eliminated positions. But, how do you begin to restructure? How can you
create an organization that has impact while being financially viable?
This webinar takes a look at the dual-bottom line of nonprofits –
understanding the true cost and mission impact of each of your programs
in order to make difficult strategic decisions for sustainability. We’ll
help you not only see your organization’s business model in a new light,
but provide directions on how to strengthen it for a brighter future.
Special Features: In advance of the webinar, attendees will
receive a Financial Leadership Resource Packet. After the webinar, they
will receive the PowerPoint presentation file used in the session as
well as access to answers to future questions, leads on additional
capacity building resources, and more.
Who Should Attend: Executive Directors, senior managers and
board members of organizations that are coping with shrinking budgets or
looking for new ways to structure their organization to more effectively
deliver service.
Attend As
A Team:
This webinar can be viewed by several people from the same organization using
one computer making your investment in Financial Management for
Nonprofit Sustainability even more cost effective.
Learning Objectives
At the conclusion participants will:
- Understand the components of the true cost of each program
including direct, shared and administrative costs and be able to
calculate the subsidy or surplus of each program
- See the organization’s business model as a portfolio of
activities that each contributes to mission impact and financial
viability and have a tool they can use to do so
- Know the strategic imperatives to take in order to strengthen
their business model
Presenter: Steve Zimmerman
Date: To be announced.
Time: 11:30 AM - 1:00 PM CST
Introductory Price: $69
Session Agenda
Why across the board cuts are dangerous
Reframing Sustainability and your organization
- Integrating program and finances
- Sustainability as an orientation
Understanding the true costs and profitability of your programs
- Expense break down and allocation
- Allocating revenue
Seeing your current business model with the Matrix Map
Strategic imperatives to strengthen your business model
The role of leadership
Presenter Bio: Steven D. Zimmerman, Spectrum Nonprofit
Services
Steven D. Zimmerman, CPA, MBA is the Principal of Spectrum Nonprofit
Services where he performs training and consulting in the areas of
finance and strategy for community-based organizations throughout the
country. Spectrum Nonprofit Services provides strategy and management
expertise to enable nonprofits to work more effectively as they better
our society and enrich our lives. Steve offers data-driven management
consulting based upon the theory of the dual-bottom line of nonprofits –
mission impact and financial viability - and helps organizations better
understand their intended impact, business model and how their different
activities interact to create a viable organization with high impact.
When leadership understands these elements they are better positioned to
make ongoing strategic decisions to strengthen their organization.
Steve is co-author of the new book "Nonprofit Sustainability: Making
Strategic Decisions for Financial Viability" published by Jossey-Bass in
2010. He writes the Finance and Strategy column for Blue Avocado, an
online magazine for nonprofits with over 60,000 subscribers, and has
also written for The Nonprofit Quarterly, Board Source and spoken
nationally on these topics. Prior to starting Spectrum, Steve was a
Projects Director with CompassPoint Nonprofit Services, one of the
nation’s leading nonprofit consulting, training and research
organizations. Steve contributed to development of CompassPoint’s
Business Planning framework, wrote and delivered trainings in finance
and fundraising and consulted on management issues to organizations
ranging from $250,000 to over $20 million in revenue. While there Steve
co-authored with Jeanne Bell the California Nonprofit Integrity Act
Toolkit. 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.
Steve approaches nonprofit management with a passion for
mission-based organizations and a strong foundation in finance. He is a
Certified Public Accountant and earned a BA from Claremont McKenna
College and an MBA from Yale University |
