“This has completely removed all traditional means of delivering our mission in our community.”
Nonprofits see decrease in funding, project losses in staff, mission deliverability
CLEVELAND, OHIO – Today, Business Volunteers Unlimited (BVU) announced survey results for Northeast Ohio nonprofits. Responses to the recent survey indicate that the local nonprofit sector is facing tremendous strategic and financial challenges:
- 89% report that the crisis has impacted the ability to deliver the mission
- 73% have developed financial scenarios
- 73% have stopped providing some program or service
- Only 68% agree that their boards are helping to address this crisis.
While there are several national surveys looking at the impact of COVID-19 on the sector, BVU conducted this survey to gauge how our local nonprofits are faring.
Nonprofits’ mission deliverability has changed. The revenue models and operations of the nonprofits have changed in complexion. While the nonprofit’s board is ultimately responsible for the sustainability of an organization, only 68% report that their boards are helping to address the current crisis. “BVU has worked with 750 nonprofits per year for over 25 years, and we know that getting the governance right has never been more important,” says Elizabeth Voudouris, President, BVU. “Boards need to convene immediately and regularly to discuss core mission activities, scenario planning, strategic restructuring, operational expenses, and potential strategic alliances and mergers.”
ABOUT Business Volunteers Unlimited: Business Volunteers Unlimited (BVU) is a Northeast Ohio based organization that strengthens nonprofits by involving thousands of volunteers from the community; engaging hundreds of business executives and professionals on nonprofit boards of directors; and providing leading-edge board and management consulting and training services for nonprofits.
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