Famed groundhog Punxsutawney Phil may have been a bit off the mark yet again when on February 2 this year he promised a greener season would be fast approaching. More than six weeks later, no thanks to Phil, spring has finally sprung here in central Virginia
Whether you are a nonprofit that offers outdoor programming when the sun is shining or an organization that provides indoor community benefits all year long, it’s time for spring cleaning!
This doesn’t mean you have to get out mops, dusters and sponges. It means that it’s time for all of us to take a look at organizational outreach, financial health, and yearly goals. If your nonprofit runs on a fiscal year, April fools marks the beginning of the last quarter. All jokes aside, it’s time to review your stewardship plan to make sure that you have communicated with key donors and kept them up-to-date with important and exciting information.
We often think about physical health as the summer approaches. What about your organization’s financial health – have you scheduled a check-up? Work together with bookkeepers, the board and finance committee, and leadership to review the numbers. If this is something with which you could use some help, consider attending our upcoming workshop Basics of Financial Literacy for Boards. In partnership with CFA Institute, CNE also offers Financial Health Review, which gives members a cost-effective opportunity to take a deep dive into financial sustainability, financial reporting, and the internal controls of your nonprofit.
One of the most important internal practices for any organization is to set goals. Both short-term and long-term targets help to frame strategic planning and achieve success. Our Board Orientation Workshop is a great way for current and potential board members to understand their role so they can set goals as well.
This is the time to check in on your progress toward those goals and, if necessary, get back on track to finish out the year the way Punxsutawney Phil wishes he had – on the mark.