Public Interest Management Group has a systematic approach to guiding successful financial turnarounds of nonprofits.
If your organization finds itself in financially challenging circumstances, you need four things:
Diagnosis of the underlying problem
Formulation of a turnaround strategy
Identification of a Transition Team for the turnaround
Implementation of the strategy.
Each step is crucial. PIMG brings deep experience and a track record of success.
Diagnosis involves understanding the dynamics and weaknesses of the organization’s business model. Our analysis goes far beyond conventional accounting-based or fundraising-focused analyses and avoids common pitfalls.
Turnaround strategy involves addressing underlying causes (as opposed to treating the symptoms). This may involve restructuring, re-calibrating operations, re-tooling fund development and/or re-establishing the organization’s value proposition to supporters. Our holistic approach draws on financial, operational and organizational development expertise. A turnaround strategy includes an implementation plan and identification of a Transition Team.
PIMG can lead project management through strategy implementation or serve in an advisory role during the process. We will update your plan at six-month intervals to ensure the organization stays on track.
Note that we serve clients all over the U.S. and can work locally and/or remotely with your team.
Interested in enhancing your organization's performance? Contact us to start a dialogue.