Capstone – Project

Nonprofit financial assessment to ensure sustainability when major revenue sources are reduced or lost

A Collaboration Between

Engagement Synopsis

Many nonprofits that weÔÇÖve worked with, including our agency fail to plan for losses in revenue streams. As a capacity building agency, we need to be well versed and a leader in many areas that assist our member nonprofits in continuity of operations and sustainability. The collaboration goals of this project would be to work with MBA students to build an assessment for nonprofits to work through crisis situations, such as a loss of funding. The intent of the assessment would be to help management evaluate the impact of the funding loss, establish how operations could be sustained, and in culmination provide recommendations for future goals to ensure sustainability. Essentially this project would provide management a foundation to build a process or provide a process to navigate these crisis scenarios proactively and enhance preparation to improve nonprofit viability. The Institute for Human Services plans to utilize the project outcomes and/or tool with member agencies after it is tested in house.

HOST VENUE ADDRESS

  • Students will be working with the Institute for Human Services, Inc at 50 Liberty Street Bath, NY 14810

REQUIRED PREREQUISITES

  • Students should come in with base knowledge of what an agency would need to assess/evaluate when faced with a minor of major loss of restricted and unrestricted funds.

LEARNING OBJECTIVES

  • If successful, the students will learn how nonprofits need to be resourceful and strategic as any loss of funding can result in mission failure and cripple existence. In some cases cut a needed human service.

Company Information

CompanyThe Institute for Human Services, Inc.
HQNew York
Revenue1,000,000 - 3,000,000,
Employees10-25
StageSmall Business
Hiring PotentialFollow-on Projects
Websitehttps://www.ihsnet.org/

Company Overview

The Institute for Human Services is a nonprofit management support organization founded in 1984. The Institute provides management support, information and referral, organizational development, and research services to planners, funders, and providers serving the Southern Tier of New York State in hopes of advancing community partnerships through communication, collaboration and capacity building to solve pressing community needs.

Industry Mentors

Company Admin

 

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Course Info & Engagement Details

SchoolMasters in Business Administration (MBA)
Engagement Format -
CourseMBA IMPACT Interterm (SPRING 2020)
LevelGraduate
Students Enrolled120 Enrolled, 2-5 per group per project
Meeting Day & Time3/2 - 3/5/2019 on-site at host company
Student Time Commitment1-3 Hours Per Week
Company Time Commitment3-5 Hours
Duration0.43 Weeks

Project Topics

Academic Mentors

There are currently no supervisors assigned.

Assigned Students

There are currently no students assigned.

Program Timeline

Touchpoints & Assignments Due Date Submission

Key Milestones & Project Process

  • March 2, 2020 - Assess company's business model with a focus on fiscal sustainability

    Assess the company’s business model to identify critical resources and gaps.


    Suggested Deliverable:

    Identify key variables to a valuable assessment of financial health and sustainability.

  • March 2, 2020 - Identify funding sources are the most important to service/mission delivery

    Utilize the variables identified in day one to address revenue streams critical to the agency.


    Suggested Deliverable:

    Begin to build an assessment structure for the final project.

  • March 3, 2020 - Assess the threats of funding source reductions and which funding source reductions could cause the most impact

    Assess the threats of funding source reductions and which funding source reductions could cause the most impact


    Suggested Deliverable:

    Continue to build an assessment for the final presentation.

  • March 4, 2020 - Build an assessment from the discussions for an agencies management team to work through to mitigate crisis

    Present an assessment to be utilized internally and with other agencies for review of fiscal health and proactive planning for crisis mitigation.


    Suggested Deliverable:

    Complete assessment to present to the agency.

  • March 5, 2020 - Finish any needed milestones and present tool to IHS management team

    Finish any needed milestones and present tool to IHS management team


    Suggested Deliverable:

    Finish any needed milestones and present tool to IHS management team

Project Resources

There are no resources currently available