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.
2022 PROGRESSGOALS:
|
Metric |
2019 Actual |
2021 Actual |
2022 Actual |
2025 Goal |
|---|---|---|---|---|
|
Days of Cash on Hand (monthly avg) |
21 |
38 |
15 |
30 |
|
# of Individuals Giving $25K+ Annually |
12 |
18 |
25 |
25 |
|
# of Members in Planned Giving Society |
28 |
NA |
11** |
50 |
|
# of Companies Giving $50K+ Annually |
9 |
14 |
18 |
25 |
|
Total Fundraising Revenue |
$15.8M |
$16.6M |
$18.7M |
$17.7M |
|
Cost to Serve a Member |
$7,591 |
$11,620* |
$11,516/$9,151 |
$6,000 |
*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. C2S top number based on total operating expenses, bottom number based on program expense only. 2023 C2S based on budgeted expense and Feb YTD ADA