"The Four Horsemen of the Nonprofit Financial Apocalypse"

File: 

The Nonprofit Quarterly

Clara Miller focuses on some of the "pretty bad best business model features" that caused both strong and more visibly vulnerable organizations to falter—or even collapse—under the recession’s financial pressures. From the enterprise point of view, these organizations had at least one, and sometimes four characteristics. We call these the "Four Horsemen of the Nonprofit Financial Apocalypse." Any one horseman can make an organization more vulnerable in an uncertain, changing economy. But when these horsemen ride together, they can be fatal.