Nonprofit Financial Planning in Response to COVID-19
The COVID-19 pandemic is presenting nonprofits with an unprecedented array of challenges. Not least among these is the question of how to remain financially viable at a time of program closures, canceled fundraising events, and an emerging economic environment that could produce lasting impacts on donor and funder support. For nonprofit managers and board members who may be feeling overwhelmed by the variety of financial risks and decisions they are facing, this webinar (originally presented in April 2020 by Phil Rosenbloom of Tarn Consulting) provided a framework for undertaking comprehensive financial planning in a time of crisis. The session focused primarily on near-term cash flow and budgetary planning, as well as financial governance considerations.