The following is an excerpt from a blog post titled Nonprofit Finance in Uncertain Times written by Erin Tanner, Chief Financial Officer, Central Indiana Community Foundation:

Before looking at several tips to stabilize your nonprofit finances, let’s address the obvious. In the wake of the federal grant freeze and subsequent legal back-and-forth, an alarming level of uncertainty has entered the nonprofit sector. The Urban Institute recently created a map quantifying the risk level to nonprofits posed by the freeze. While it provides a critical level of awareness, it’s hardly comforting.  

Despite very real and sudden challenges, we must find ways to stabilize our organizations as best we can so we will continue to fulfil our critical, even life-saving missions.  

1. Do you utilize any federal grant funding? …Are you sure?  
2. Get to know your banker and establish or renew a line of credit.  
3. Keep a close eye on your accounts receivable. 
4. Stay current with your annual audit. 
5. Cut operations / administrative costs through collaboration.