Non Profit

Wow did time ever fly by! We are already 75% through 2017. Cooler weather is in the air, at least in Kansas finally. My garden is winding down, although I am still getting great spaghetti squash, zucchini,  bell peppers and jalapeño peppers! It’s also time for our 3rd Quarter review.

Today we are going through Your Non Profit 3rd Quarter Review process. It’s not too late to finish 2017 year strong. My 6 step recipe for a Productive 3rd Quarter Review can help guide you. The video is below. Be sure to schedule a free appointment with the Accounting Chef if you would like help finishing 2017 strong and getting a head start on 2018.

The video goes through the 6 step process. Here is the short version of the recipe.

1. Review your Key Performance Indicators
   1. Financial KPIs
      1. Ratios such as current ratio, working capital, etc.
      2. Review your Financial Statement Budget to Actual.
         1. You should be at around 75%
         2. Make adjustments as needed
         3. Can be your most useful financial tool if you actually USE it!
         4. Reserve levels
   2. Non Financial KPIs
      1. Cost per Click on Ads (Facebook ads for example)
      2. Meals served
      3. Grants applied for
      4. additions to email list
      5. Contacts with previous donors
      6. Whatever measurements you need to track to make Your business grow
2. Strategy & Planning
   1. Does Your Budget Need Adjusting?
      1. Donations/Dues/Membership Forecasts
      2. Expense Levels
      3. Capital Spending
   2. Progressing with Your Strategic Plan?
   3. Review the Success of Your Current Fund Raising Efforts
   4. Review plans for your Holiday giving push
3. Check Your Pledge Collections
   1. Follow up with those that are behind
      1. email
      2. phone call
   2. Thank those that are current
4. Cash Flow
   1. Nothing more important than cash flow for your business!
   2. Can our cash flow get us through rough times?
   3. Do you need to borrow or tap a line of credit?
   4. Great time for Donations!!!
   5. Accounts Payable review
   6. All payments & payroll taxes current
5. Fundraising Campaigns
   1. Donors are looking for the right charity to give to before year end to save on their taxes
   2. Follow up with existing campaigns
   3. Use CRM to target donor interests
6. Review Your Social Media Plan
   1. Are we engaging with potential donors and supporters
   2. Not just a money push!
   3. Show people what their donations fund
   4. Build their interests in a fun way BEFORE you ask them for money

If you need help or want to really turbocharge your business review process, schedule a meeting with the Accounting chef!