All Pinnacle offices will be closed this Friday, July 4, in observance of Independence Day. See all federal bank holidays at PNFP.com/Holidays.
All Pinnacle offices will be closed this Friday, July 4, in observance of Independence Day. See all federal bank holidays at PNFP.com/Holidays.
With continued changes in government funding, the financial outlook for nonprofits feels more stressful than ever. But there are steps you can take right now to help insulate your organization from the severity of what may come. In the spirit of "preparing for a rainy day," now is the time to take practical steps to identify and manage financial vulnerabilities in your organization. From business and banking perspectives, here are a few items and actions to consider:
Running a non-profit organization is stressful work. Throw in the uncertainty of our current environment and the task becomes even harder. Call upon trusted partners to help you see through the haze of uncertainty and take actions now that will extend your financial runway.
There are additional considerations related to grants, contracts, funders, and social capital. The following resources can help you strategize and manage the financial needs of your organization during these times of uncertainty:
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