A much-needed overhaul plan for the nonprofit model . . . O’Brien and Craig encourage pushing for greater transparency in reporting of spending and overhead; cultivating trust with donors by identifying major issues early on, rather than avoiding problems until they become unavoidable; and overcoming a view common among nonprofit boards of debt as “anathema to good fiscal stewardship” and instead guiding them toward seeing credit as a valuable tool. Any nonprofit leader thinking that there must be a better way will find persuasive answers here.
Building Smart Nonprofits includes examples of nonprofits deploying best practices and emerging industry trends to position their organizations for the long term . . . The authors make the point that it is extremely important to develop a financial plan that is not dependent on a single source or type of funding. In fact they say that all well-run non-profits exhibit similar characteristics: diverse revenue streams, strong financial management, personal relationships and storytelling, and quality leadership.
4/22/20: Co-author David O’Brien published op-ed in CEOWorld; “Bored Boards? Not Anymore!”
6/16/20: “The Pandemic: Bonfire of the Vanities on Steroids,” writes David O’Brien for CEOWorld.
7/29/20: Co-authors published op-ed in Global Banking and Finance Review, “A Ford Called Wanda.”
11/4/20: Author interviewed on the Using the Whole Whale Nonprofit Podcast.
2/10/2021: Quick, but positive review of the book highlighting some of the top takeaways from the book.