To plan and manage the financial health of your NGO, you first need to understand its current financial health and its potential financial risks.
The dynamic nature of funding sources, coupled with the diverse operational challenges, makes assessing financial health and risks a multifaceted endeavour.
This section aims to provide a comprehensive overview of how your NGOs can effectively assess its financial health and mitigate potential risks. By understanding the intricacies of financial management within the nonprofit sector, your NGO can make informed decisions to enhance its financial resilience and operational effectiveness. By the end of this section, you should have a better understanding of financial sustainability and how to improve it.