Northeast Ohio Nonprofits Brace for Tough 2010; Turn to Collaboration and Financial Planning

In addition to steps that Northeast Ohio nonprofits have already taken, 55 percent of nonprofits expect to collaborate on programs in the next 12 months, 26 percent will collaborate to reduce administrative expenses, 55 percent are planning closer board engagement, and 50 percent plan to hold conversations with funders to discuss financial realities. Local interest in collaboration is high when compared to findings from Nonprofit Finance Fund's March 2009 survey of nonprofits nationwide, where 42 percent of respondents either had or were planning to collaborate on programs, and 13 percent had or were planning to partner to reduce administrative costs.