Strong Financial Health Opens the Door to Collaborations with Other Nonprofits [SUBSCRIBERS-ONLY]

There are many advantages to participating in joint ventures, coalitions, strategic alliances, or other types of collaborations with other like-minded nonprofit organizations. These types of formal and informal partnerships enable organizations to share programs, capabilities, and gain access to a wider array of members, constituents, and geographic regions. These opportunities multiply if your nonprofit has strong financial health.

To be a sustainable nonprofit, your organization must evolve and change to keep pace with the changing world. Your organization must always be looking to expand on mission delivery, advance your brand, and search for new ways to increase your footprint and service capacity. The status quo can be worse than shrinking operations, as it fosters complacency.

I believe that forming working relationships with other organizations is one of the most promising paths to enhance sustainability and ensure your organization stays relevant.