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ARTICLE · 08 MAY 2023

Budgeting and structuring not-for-profit organisations

Worrells
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The budgeting process is the time for NFPs to deal with any potential financial problems before they happen.

AustraliaInsolvency/Bankruptcy/Re-Structuring
Graeme Still
Graeme Still
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Help your clients to remain viable.

As we approach the start of a new financial year the not-for-profit (NFP) community is preparing budgets and cash-flow forecasts to plan for the year ahead.

What we are seeing Budgets and forecast indicating problems and the potential for your clients to go broke.

The thing we don't see Decisions made to change the NFP's financial course to ensure its sustainability and survival to service the community.

The budgeting process is the time for your clients to deal with financial problems before they happen. From the Board down to the CEO and Executive team running the NFP, what ends up in the budget should be challenged and decisions made to improve the NFP and its expected financial performance.

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