Understanding and managing financial health in the social sector can be riddled with complexity, unpredictability and inequity, particularly for leaders of color. Discover ways to use financial management as both an opportunity and a tool to cultivate empowerment within yourself, your teams and your stakeholders to best support the communities you serve.
Cultivar Services
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Establish a common understanding and language around nonprofit finance as a first step in ensuring that you and your team(s) are equipped with the tools to sustain social impact over the long-term. Through these services, Cultivar can work with you to understand the essentials of nonprofit financial statements, determine key financial indicators and develop trend analyses for your organization, all with a goal of strengthening your capacity to make strategic decisions and effectively interpret and tell your financial story across multiple audiences and stakeholders.
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Develop processes and frameworks to use financial data to make the decisions necessary for your organization’s effectiveness and long-term sustainability. These services could include: Budget Process Development, Multi-year Financial Planning & Modeling, Cost/Benefit Analyses & Financial Assessment of Programs, and Scenario Planning & Modeling.
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Utilize a coaching engagement to secure support, an outside perspective, guidance and thought-partnership to help you and your team(s) better assess and manage your needs and responsibilities around financial management. This type of engagement can be particularly helpful if your role around financial management is expanding or changing, especially in the context of significant operational changes (growth, restructuring, etc.) that will likely impact the ongoing needs of your organization.
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Whether it’s among your staff or board, create an opportunity to build a broader, accessible understanding of the common needs and standards for effective nonprofit financial management. With this goal in mind, Cultivar can work with you to develop customized training with your key needs, audience(s) and goals at the fore.