Who Can Turn Financial Troubles Around at Your NonProfit?
Times are frustrating even for high achieving leadership teams. A survey of 9 nonprofit companies in New York City found that only 2 of the agencies had a surplus. 3 agencies were 100% financed by debt. One agency with $50 million in revenue only had 10 days of cash! An agency closed in 2018 with $30 million in revenue and no cash for payroll.
Many consultants teach planning for program outcomes, but I coach leadership teams to build abundant cash and sustainable strategy.
I’m involved in coaching because it got my nonprofit out of financial trouble and refocused our strategy. It’s not magical or cheap, but it’s effective and you sleep better at night. If you’re reading this at 2am, call for a free initial consultation! –
Dr. Ronald Dale Tompkins
TurnAround NonProfit Coaching involves Four Strategies*
Abundant Cash – Cash is the fuel of your nonprofit.
If your economic engine is not working, then a crash is highly likely. Cash Coaching helps you decide:
*How much cash has to be kept on hand? *What is the Maximum $ limit for payroll?
*11 hidden pockets of cash in the first quarter of coaching
Barrier-Breaking Strategy to Grow–
Strategic Planning is difficult. Unfortunately, most plans are dreams instead of plans. The objectives never get together to complete the Plan. Strategic Coaching guides you to create a winning game and a durable plan within the first quarter and a quick win in 2nd quarter
Flawless Execution –
Leaders spend most of their time working on repairs of problems created by staff errors. Coaching restores time for leadership. Flawless Execution Coaching empowers leaders to return to leading as employees focus on excellence in their own critical tasks.
Right People Doing the Right Things
Every agency has critical responsibilities. Over time, people and jobs change and get mismatched. People Coaching has tools to review tasks, talent, retention, and turnover. You will get a team of people that you would enthusiastically rehire!
Most of the nonprofit leaders who talk with me have tried consulting and planning that failed. They need coaching. Coaching differs from consulting in that coaching expects change and growth. Coaching builds in accountability and support, Coaching is more common in the for-profit world where shareholders expect results. I have used it to build a $5 million revenue agency to help immigrant kids and elbow our way into the nonprofit world of education.
Now, with tools from Scaling Up (the Rockefeller Habits Company), I will help you. Call me now to set up a no-obligation one hour introduction.
Make a leadership revolutionary change start today! – Dr. Ronald Dale Tompkins
Call 646 824 4647.
Or email Tompkir1@gmail.com
*Harnish, Verne. Scaling up: How a Few Companies Make It … and Why the Rest Don’t. Gazelles Inc., 2015.