Tuesday, October 16, 2012

Making Effective Financial Decisions in an Uncertain Environment

By Steven K. Stucky, CPA; Partner, Sikich LLP

Today's environment of economic and political uncertainty is taking a toll on non-profit organizations and their donors. Non-profit leaders have three primary levers at their disposal when making financial and investment decisions-what comes in (fundraising and capital campaigns), what goes out (spending) and what you do with what you have (asset allocation and investments). The uncertainty poses challenges to pushing these levers and making strategic, long-term decisions and plans.

In order to make successful financial decisions for your organization's future, there are a number of steps you can take. Starting with identifying your goals, use a robust set of planning tools-such as operational or financial software solutions-to determine where your organization should be in one year, five years and even further down the road. Keep in mind what you can and cannot control, and focus your strongest efforts on that which you can control. Finally, determine whether or not working with an informed advisor will help. Experts can guide you during complex situations, from working on your investment policy statement to crafting ways that will unlock donor potential.

Sikich's Indianapolis office has tools, resources and strategies that help leaders in the non-profit industry make effective financial and investment decisions, as well as other critical business decisions. To learn more about how you can take action, view this on-demand webinar on the Sikich website. Steven K. Stucky, CPA is a partner in the Indianapolis office. He can be reached at 317-842-4466 or e-mail sstucky@sikich.com.

About Sikich
Sikich LLP, a leading accounting, advisory, technology and managed services firm, has more than 400 employees throughout the country. Founded in 1982, Sikich ranks as one of the country's Top 50 Certified Public Accounting firms. www.sikich.com

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