Strategic Plan Details
|
OUR STRATEGIC PRIORITIES |
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Strategic Priority 3
Realize a Strong Financial Position
OBJECTIVES:
Implement strategies to improve cash flow management.
Identify & implement internal process improvements, including technology solutions, that will result in cost savings and increased efficiencies.
Build a more robust individual giving program that focuses on high-net worth individuals and planned giving.
Secure new and maximize existing corporate partnerships with the goal of leveraging the full scope of their assets to support our mission priorities.
GOALS:
|
Metric |
2019 Actual |
2021 Actual |
2022 Actual |
2023 Actual |
2024 Q1 |
2025 Goal |
|---|---|---|---|---|---|---|
|
Days of Cash on Hand (monthly avg) |
21 |
38 |
15 |
13 |
TBD |
30 |
|
# of Individuals Giving $25K+ Annually |
12 |
18 |
25 |
19 |
4 |
25 |
|
# of Members in Planned Giving Society |
28 |
NA |
11** |
11** |
11** |
50 |
|
# of Companies Giving $50K+ Annually |
9 |
14 |
18 |
13 |
1 |
25 |
|
Total Fundraising Revenue |
$15.8M |
$16.6M |
$18.7M |
$18.1M |
$6.2M |
$19.4M |
|
Cost to Serve a Member |
$7,591 |
$17,510* |
$11,523 |
$10,873 |
$10,851 |
$8,300 |
*Please note that our cost to serve is unusually high as a result of on-going low ADA numbers because of COVID-19 challenges.
**Opportunities for planned giving gifts.
•2024 fundraising revenue is Mar YTD due to processing delays
•2024 C2S based on budgeted expense and YTD ADA