New Article by Clara Miller featured in the Nonprofit Quarterly, Summer 2008.

Truth or Consequences: The Implications of Financial Decisions
Does a diversified revenue base make for a more profitable-and therefore sustainable-nonprofit? Does government funding create big financial problems? Does owning a facility improve an organization's financial health? In a recent study, Nonprofit Finance Fund analyzed IRS Form 990s from 1,085 youth-serving organizations in five states with annual expenses of greater than $1 million. Unsurprisingly, the findings show that the conventional wisdom often falls short of describing reality and may lead organizations and funders to make strategic errors that undermine organizational effectiveness for decades. To read the article, please click here.