Here we are. April 2020 and working our way through a global pandemic. March seemed like the longest month in history. April probably will, too.
So while you're staying home and working out what's next for you and your nonprofit, here are some thoughts on how to manage the next several weeks thoughtfully, fairly, and with a mindset of stewardship and sensitivity to all involved.
We don't know yet what our new normal will look like, but we can still approach this strange and unforeseen situation with equity, transparency, and strategy.
Here are my suggestions on how to do that.
(1) In general, the board, which must act as a fiduciary body, is well within its purview to work with management and:
(2) Do do your best to rally resources and financial support:
(3) Review year to date spending and create a cash flow forecast to assist with decision making:
(4) In terms of communicating expectations and plans to staff here’s what I recommend:
We're with you!
Chantal Sheehan, Founder & CEO, Blue Fox - Agile Accounting
Welcome to the Blue Fox Blog! A fairly entertaining source of info and news related to our company, nonprofits, social sector trends, and, of course, accounting. Enjoy!
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