Topic 2: How secure is your NGO’s financial future?
Your NGO may face ongoing funding challenges and difficulties with long-term planning. This section presents a four-method-framework for assessing your organisation’s financial future.
The image below presents four ways to evaluate an NGO’s financial stability. Take a look!
As we consider these methods for financial stability outlined above, it is clear that evaluating your NGO’s financial future is critical for long-term viability and impact. Stakeholder support, income diversification, unrestricted funds, and reserves can all help you assess your organisation’s financial health and resilience.
In the following section, you’ll have the opportunity to use a self-assessment tool to evaluate your NGO’s financial stability, allowing you to identify strengths, areas for improvement, and actionable steps to ensure your organisation’s long-term viability.
NGO Financial Stability Self-test
This self-test aims to evaluate your NGO’s financial health and stability. By assessing various aspects of your organisation’s financial management, you can gain valuable insights into areas of strength and areas that may need improvement.
This self-assessment is divided into several sections, each addressing a different aspect of financial stability. You will be asked to rate your organisation’s performance on a 1 to 5 scale for each section, with 1 representing the lowest level of performance and 5 representing the highest.
Download the template provided below and use it to evaluate the financial stability of your non-governmental organisation.
Thank you for taking this test. We will refer to these test results during our live session, but we will not go over each one in detail.
If you would like to discuss this in person, please schedule a one-on-one session with an expert from MzN Funding by clicking on the button below::
In the next section, you will learn about the 12 Golden Rules of NGO Finance.