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For many nonprofits, the end of summer is often when organizations start to feel the cash crunch. The binges connected to the big end of the year revenue flow has subsided and the there are a few more month months still the end of the year fundraising starts to ramp up. And that's when knowing and understanding cash flow is so important.
On today's episode, Tim and Nathan define what is cash flow and why it is important. They also explore how cash flow is different than the organization's budget, and then provide some simple ways to understand and manage cash flow. Nathan finishes the podcast with four key takeaways.
The Hosts of The Practice of NonProfit Leadership:
Tim Barnes serves as the Executive Vice President of International Association for Refugees (IAFR) and can be contacted at tim@iafr.org.
Nathan Ruby serves as the Executive Director of Friends of the Children of Haiti (FOTCOH) and can be contacted at nruby@fotcoh.org.
All opinions and views expressed by the hosts are their own and do not represent those of their respective organizations.
