Nonprofit Operational Trends
Nonprofit Operational Trends
By Bob Reynolds, CPA
The past two years have proven there is no crystal ball enabling us to predict the future with any certainty. Last month, we shared our thoughts on the impact of social media on fundraising in the future. Now, let’s look at what trends are expected for operations and management of nonprofits. Consider your organization’s current approach and if there are adjustments worth considering or those that must be updated.
Diversity and Inclusiveness
Over the past few years, we have experienced a call for greater diversity and inclusiveness in our communities. And nonprofit organizations have responded by taking steps to enhance their leadership processes. Organizations will need to create innovative leadership approaches that result in greater benefits for the community, volunteers, personnel, and other stakeholders. Simply put, nonprofits must reflect the communities they serve.
Core Values
Achieving a leadership structure that is diverse and inclusive starts with core values. Organizations must make diversity, inclusion, and equality fundamental core values and leadership must be willing to openly and honestly examine whether discrimination and biases are present in the organization and then act. This can require increased transparency, changes in hiring and compensation practices, and greater focus on the recruitment of volunteers. Perhaps of greatest importance is a commitment to understand one another’s differences experiences, expectations, and desired outcomes. All stakeholders involved must have a voice in the process.
Shifting Priorities
The pandemic forced organizations to shift priorities and adjust how they operated and carried out programs. While the “great pivot” was necessary for survival, now is the time for nonprofits to stay mission focused. Often, nonprofits respond to financial challenges by “chasing revenue” resulting in programs that consume resources and do not align with their mission. Organizations need to consider changes to their mission, strategic plan, goals, and priorities in their post-pandemic transition strategy.
More than a Paycheck
The pandemic also showed all of us, that “it’s not always about the paycheck.” In the wake of the “great resignation,” there are opportunities for nonprofits to change hiring and compensation practices. Changes such as a virtual employment, flexible working hours, and an opportunity to serve others could motivate individuals to join the organization. This can result in a stronger team and a greater ability to retain them in the future.
Brady Ware Nonprofit Advisors want to help you fulfill your mission with financial health and compliance services and a network of nonprofit consultants who specialize in strategic decision-making.