“One of the best signs of a financially healthy nonprofit is a nonprofit that ends their operating year with a surplus.”
Kate Barr has been making meaning out of financial information and strategies for decades, with stints as an arts administrator, a bank executive, and as Executive Director of Nonprofits Assistance Fund. Her goal is “to help people connect the dots between mission and business model.”
In this episode of Fast Forward, Barr talks about how funders consider which organizations they elect to collaborate with or support. Barr also explains the challenges with a one-size-fits-all approach to evaluating whether or not an organization qualifies for funding. And she breaks down the idea of Core Mission Support.
Plus, in addition to using the Nonprofit Assistance Fund’s website, Barr also recommends reading the Chronicle of Philanthropy, the Stanford Social Innovation Review, and Nonprofit Quarterly.