Ask a CFO with James Vanreusel – Creating a 5-Year Sustainable Budget for Non-Profits
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In this episode of “Ask a CFO,” James explores how non-profit organizations can create a sustainable budget for the next years, especially when facing a current lack of funding but with plans for future growth. He discusses the importance of providing donors with a projection and then comparing it with the current year’s budget to identify any risks. Finally, he lists what is needed to create a sustainable budget for the future.
Key takeaways:
- 3-Year Projection: Detail anticipated growth, sales figures, and required funding.
- Current vs. Projected Budget: Compare current budget with 3-year projection to identify risks.
- Sustainable Budgeting: Careful planning, transparency, and good communication with stakeholders.