96: How to Monitor the Health of Your Organization with Stephanie Skryzowski

Send us a textRecently I was on The Prosperous Nonprofit podcast with Stephanie Skryzowski and I knew I wanted to continue the conversation over here on The Purpose & Profit™ Club. Stephanie Skryzowski is a visionary Chief Financial Officer who helps nonprofit leaders better understand and use their numbers to make smart decisions to grow their bottom line and their impact. She is the Founder and CEO of 100 Degrees Consulting which provides financial strategy and bookkeeping services to nonprofits around the globe. Throughout our conversation you’ll learn what a healthy nonprofit organization actually looks like, the importance of adopting an abundance mindset, and the key numbers you should be looking at. Whether you’re looking to grow your revenue, expand (or decrease) your overhead, or you’re wondering if it’s smart to take on debt, this episode is for you.Topics:How Stephanie thinks about nonprofit finances and the overall health of an organization, plus how she’s breaking down the old school ways of thinkingWhy Stephanie believes that one of the most important things nonprofit leadership can have is an abundance mindset What revenue diversity looks like for healthy work and where Stephanie sees the biggest opportunity for new revenue streams A safe amount to spend on overhead and what a healthy organization actually looks like and where your board fits into this conversation Why Stephanie wishes she was seeing more long term thinking and strategy in the nonprofit industry The key numbers you need to be looking at in regards to your finances and actionable steps to take todayStephanie’s opinion on taking on debt (like a loan) as a nonprofit For a full list of links and resources mentioned in this episode, click here.Connect with Christina on Instagram: @splendidconsulting Save $50 with code PODCASTResources: Purpose & Profit Club™ Coaching Program [Get on the waitlist for bonuses] Instagram, LinkedIn, website Purpose and Profit Club weekly newsletter Bloomerang is the complete donor, volunteer, and fundraising management solution that helps thousands of small and medium-sized nonprofits deliver a better giving experience and create sustainable, thriving organizations. Combining robust, easy-to-use technology with people-powered support and training, Bloomerang empowers nonprofits to work efficiently, improve supporter relationships, and grow their donor and volunteer bases. Learn more at bloomerang.co. May contain affiliate links