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Strategies for Maintaining the Financial Sustainability of Nonprofit Organizations During Economic Downturns.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Strategies for Maintaining the Financial Sustainability of Nonprofit Organizations During Economic Downturns./
Author:	Siribour, Kingsley.
Description:	1 online resource (215 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 85-08, Section: A.
Contained By:	Dissertations Abstracts International85-08A.
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9798381448238

Strategies for Maintaining the Financial Sustainability of Nonprofit Organizations During Economic Downturns.
Siribour, Kingsley.

Strategies for Maintaining the Financial Sustainability of Nonprofit Organizations During Economic Downturns. - 1 online resource (215 pages)

Source: Dissertations Abstracts International, Volume: 85-08, Section: A.

Thesis (D.B.A.)--Walden University, 2024.

Includes bibliographical references

Nonprofit organizations rely primarily on external funding sources, such as government and philanthropic organizations, and are susceptible to revenue losses and lack of financial sustainability during economic uncertainties and hardships. Financial stability can help the organization's ability to serve the community, positively impacting the quality of life for its communities. Grounded in transformational leadership theory, the purpose of this qualitative multiple-case study was to explore strategies that some nonprofit business leaders use to maintain financial sustainability during economic downturns. Participants included four business leaders from four nonprofit organizations in Wisconsin with successful strategies to maintain financial sustainability during economic downturns. Data were collected from semistructured interviews and company documents. Thematic analysis of the data resulted in four themes: focus on fiscal oversights and operational funding, focus on human resources, review operational capacities of program services, and maintain strong internal systems and infrastructure. A key recommendation includes ensuring sufficient capacity-building management resources by implementing endowments and long-term investments as contingency plans to face economic crises. The implications for positive social change have the potential for nonprofit business leaders to maintain the positive impact nonprofits provide to their communities.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798381448238Subjects--Topical Terms:

559073
Finance.
Subjects--Index Terms:

Financial sustainability strategiesIndex Terms--Genre/Form:

554714
Electronic books.

Strategies for Maintaining the Financial Sustainability of Nonprofit Organizations During Economic Downturns.
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504 $a Includes bibliographical references
520 $a Nonprofit organizations rely primarily on external funding sources, such as government and philanthropic organizations, and are susceptible to revenue losses and lack of financial sustainability during economic uncertainties and hardships. Financial stability can help the organization's ability to serve the community, positively impacting the quality of life for its communities. Grounded in transformational leadership theory, the purpose of this qualitative multiple-case study was to explore strategies that some nonprofit business leaders use to maintain financial sustainability during economic downturns. Participants included four business leaders from four nonprofit organizations in Wisconsin with successful strategies to maintain financial sustainability during economic downturns. Data were collected from semistructured interviews and company documents. Thematic analysis of the data resulted in four themes: focus on fiscal oversights and operational funding, focus on human resources, review operational capacities of program services, and maintain strong internal systems and infrastructure. A key recommendation includes ensuring sufficient capacity-building management resources by implementing endowments and long-term investments as contingency plans to face economic crises. The implications for positive social change have the potential for nonprofit business leaders to maintain the positive impact nonprofits provide to their communities.
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