Posted on April 2, 2013 • Posted in What We're Thinking About

Last week, the Nonprofit Finance Fund (NFF) released its annual “State of the Sector” survey results. Their summary of trends in the nonprofit sector nationally reflects what we are seeing here in Michigan: significantly increased demand for services, cash flow problems, and unstable funding sources.

Filtering the survey results for Michigan reflects our optimism: 80% of you reported that demand for services increased and 85% of you expect an increase this year. Though less than one third of you reported ending 2012 with an operating surplus, in 2013:

  • 35%  plan to create and fill new staff positions.
  • 39% will invest in technology to improve organizational efficiency.
  • 34% say that you are planning to add to reserve funds.
  • 53% plan to add or expand programs and services.
  • 47% will increase the number of people served.

How will all of this adding, expanding, and increasing be possible?

Nearly 40% of you responded that you plan to change the way you raise money and diversify your streams of revenue.  This is often a challenging, multi-year task that demands the full attention of the executive director, unwavering commitment from the Board of Directors, and the spirit to change your organization’s status quo.  This kind of transformation requires time and money.

What have you planned for your organization in 2013 and how will these goals be achieved?  Are you planning a transformation in your development practices?

Hammond specializes in the analysis of your current fundraising practices, mapping a path for your vision, and executing the plan to transform your fundraising program.  Have a question about how we do this?  Ask Hammond.