Cost Management Industry Focus: Not-for-Profit

Making ends meet. Stretching resources as far as they will go. Doing as much as you can for as little as possible. Does this sound familiar to you? Then you just might manage the budget of a not-for-profit organization.

Not-for profit organizations deal with many of the same things that commercial businesses do – meeting goals, managing employees, and providing quality services. However, they must do so with additional challenge of a limited and often fluctuating budget. In a situation where your operations are funded by donor contributions, every dollar matters.

How can you make the most of the funds you have available? Most non-profits already operate on a disciplined budget, but oftentimes additional savings can be found – if you know where to look. In many cases, non-profit organizations can find savings in:

·       Equipment expenses

·       Office supplies

·       Promotional items

·       Utility expenses

·       Waste Management

Cutting expenses in these areas and others means that more of your budget can go toward helping others.

Silverback values both our non-profit clients and the work that they do. Our team actively serves local non-profits, both to give back and better understand the needs that these organizations face. We can take our expertise in cost cutting and use it to help your organization serve more people and do more good. Contact us today to learn how we can help your expenses line up with your budget.

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