Improve Your Nonprofit’s Financial Efficiency

 

Financial Efficiency GraphicTransform Consulting Group can help your organization improve your financial efficiency and reduce operational costs. Most nonprofit donors want to know that they are getting a good “bang for their buck”. Each year, Forbes magazine lists the top 200 charities based in part on their fundraising efficiencies–ratios that assess a charity’s ability to muster resources for the task at hand from an accounting standpoint.

While financial efficiency is only one measure of a nonprofit’s vitality and effectiveness, it is an important one. However, there is a delicate balance, as skimping on overhead can create a vicious cycle that limits a nonprofit’s ability to achieve impact. In addition, many Foundations prefer to allocate grant funding to direct program expenses, and do not cover general operating expenses or overhead, or have limits on how much funding can be allocated to such costs. As a result, Transform Consulting Group wants to help nonprofits make smart choices that balance these interests.

Transform Consulting Group is always looking for ways to help clients make effective financial decisions that positively affect the bottom line, while still allowing an organization to achieve a sustained impact. One example is the Xerox FreeColorPrinters Program. Xerox has provided over 10,000 nonprofits free color printer-scanner-fax-copiers to help reduce the costs of outsourcing printing. Not only are the free printers worth about $2800 each, the program provides a 3 year service agreement (worth $1500) for free. Program participants save an average of $1,257 over 3 years in printing costs, totaling about $5500 in operational cost savings.  

“We are trusted to be good stewards of the money we receive and to feed as many people as possible with it. Part of our responsibility is to control costs. FreeColorPrinters helps us to do that.” -Lisa Schafer, Executive Director – Meals on Wheelers, Greater Lynchburg Area

Click here for program FAQs. Contact Transform Consulting Group today for more ideas on how to improve your organization’s financial efficiency!

 

 

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