A nonprofit organization relies on charitable contributions to support their mission.
Nonprofits include foundations, advocacy groups, civic clubs, and social organizations. Examples of notable nonprofits are AARP and the Red Cross.
Charitable contributions decrease in tough economic times, and these groups are vulnerable to shifts in the economy, even for nonprofits with substantial endowment funds.
The health of financial markets influences investment income.
Managing expenses is a primary concern for nonprofits.
“When Expense Reduction Analysts discussed an engagement to recover cash flows from our supply chain, it seemed too good to be true. Two years later, an extra $400,000 in cash flow generated per year is helping the Gardens in a meaningful way.”
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