How Not-for-profits Can Beef Up Their Balance Sheets

Press/Media: Press / Media

Description

The not-for-profit sector was already under considerable pressure trying to meet demands before the coming of COVID-19, but the impact of the coronavirus triggered both an increase in the need for services and a spike in the cost of delivering those services.

At the same time, economic uncertainty is placing the sector’s already scarce financial resources under greater strain.

Professor David Gilchrist from the University of Western Australia Business School (UWA) has highlighted the fact that the sector has had to invest significant financial resources to continue providing vital services throughout the pandemic.

Period26 Oct 2021

Media contributions

1

Media contributions

  • TitleHow Not-for-profits Can Beef Up Their Balance Sheets
    Degree of recognitionNational
    Media name/outletInstitute of Community Directors
    Media typeWeb
    Country/TerritoryAustralia
    Date26/10/21
    DescriptionThe not-for-profit sector was already under considerable pressure trying to meet demands before the coming of COVID-19, but the impact of the coronavirus triggered both an increase in the need for services and a spike in the cost of delivering those services.

    At the same time, economic uncertainty is placing the sector’s already scarce financial resources under greater strain.

    Professor David Gilchrist from the University of Western Australia Business School (UWA) has highlighted the fact that the sector has had to invest significant financial resources to continue providing vital services throughout the pandemic.
    Producer/AuthorJulienne Price
    URLhttps://www.communitydirectors.com.au/articles/the-balance-sheet-should-be-on-top-of-the-nfp-boardroom-agenda
    PersonsDavid Gilchrist