The Four Horsemen of the Nonprofit Financial Apocalypse

In 2010, NPQ published this article by Clara Miller, then of the Nonprofit Finance Fund and now of the FB Heron Foundation. In it, she discusses four pre-existing conditions that could have made nonprofits particularly vulnerable to the Great Recession. NPQ invites its readers to write in about their own experiences with any combination of these problems during the downturn. Was Miller on the mark? NPQ has seen these very factors play out in arts organizations across the country, but let’s hear from you!”

Focus on the Core Business

As sources of capital, funders can unintentionally contribute to the systematic under-capitalization of the sector–encouraging the growth of programs without providing for a commensurate growth in capacity. Clara Miller offers advice for reversing this trend.