Call us at 888.368.2463    CONTACT US
 Back to Blog

Do You Know Where You Are Making an Impact?

JMT Consulting Group’s CEO Jacqueline M. Tiso sent this thought-provoking article today following a conference session she attended.  She is a frequent speaker and writer on technology, accounting, best practices and nonprofits.  If you would like to have her speak to your group please contact lmurphy@jmtconsulting.com

As I only work with non-profits, whenever I attend any type of business or professional development event for business, even though it may be directed at the attendees of for-profit businesses, I always find myself turning around what I am hearing to also think about how it might apply relative to the non-profit organization.

I recently attended a seminar on marketing and the need to understand your clients and one of the topics was the concept of determining who you want to do business with.  This struck me forcefully as the average non-profit doesn’t have the right of saying who you do or do not want to work with.

The nature of a non-profit is that you are delivering a needed and vital service that isn’t about any individual being the “type” you want to work with.  But…let’s think outside the box and ask the question anyway because it is relevant.

Are there those in your constituency that you would determine you should not do business with?   This question will certainly raise a lot of eyebrows, but it is really not about the who, but rather about the what.

What are the most impactful programs your organization is delivering?

I find one of our client’s greatest challenges is being able to answer this question with real ongoing, trend data. We work with our clients to determine what are the specific, defined metrics and outcome measurements.  And then look at how to utilize the back-office tools they use to measure and report on them so they have the information needed for their strategic decision making.

Understanding the best use of your vital, and possibly limited, funds is imperative and every program’s results should be quantified.

If you’re using one of the many fund accounting solutions out there and only generating financial statements with it, find out about its statistical reporting functionality (or if it even has this functionality).  Understanding the best use of your vital, and possibly limited, funds is imperative and both financial and statistical metrics on every program must be quantified for the ongoing success of your organization and who you serve.

Contact us cam@jmtconsulting.com to learn how.

Related Posts:
Nonprofit CFOs Shape their Legacy by Defining and Communicating the Big Picture
October 15, 2019
Nonprofit CFOs Shape their Legacy by Defining and Communicating the Big Picture

You are the CFO of a nonprofit that’s focused on long-term mission fulfillment, financial sustainability, and organizational independence. How do you guarantee that your legacy is aligned with the organization’s long-term success? You may have thought that years of successfully ensuring your debits equaled your credits, that audits ran smoothly, and that financial reports were…

Communication Service for the Deaf; A Sage Intacct Success Story
October 2, 2017
Communication Service for the Deaf; A Sage Intacct Success Story

Communication Service for the Deaf (CSD) is a 501c nonprofit organization based in the United States and New Zealand, providing a plethora of services to the deaf.  They recently worked with JMT Consulting Group to enhance their financial management solution by implementing Sage Intacct and Nexonia.  We recently sat down with Brad Hermes, CFO and…

Get Accessibility Anywhere with Cloud-Based Financial Management
April 27, 2017
Get Accessibility Anywhere with Cloud-Based Financial Management

The trend is clear. More and more nonprofits are switching to cloud-based financial management systems for their accounting services — and for good reason. Cloud-based options offer benefits that include automated billing and revenue management, simplified compliance with regulations, cheaper IT support and increased efficiency for organizations. One of the most alluring assets provided by…

It’s an Open Book: How Nonprofits Can Achieve Financial Transparency
August 7, 2018
It’s an Open Book: How Nonprofits Can Achieve Financial Transparency

All charities differ in their missions, but all are alike in one important way—to succeed, they must practice financial transparency and accountability.  In fact, Charity Navigator, the nation’s largest and most-utilized evaluator of charities, uses these values as key criteria in rating nonprofits. Charity Navigator defines transparency as “an obligation or willingness by a charity…

 Back to Blog