A comprehensive, proactive approach that strategically integrates current and future budgetary and capital projects requirements with endowment management to optimize financial viability and strength over time.
Today’s Challenges and Our Responses
The traditional economic model for operating non-profits is under severe stress. Basic economics of non-profit management reveal insurmountable hurdles to achieving and sustaining financial success. Program revenues have not kept up with operating expenses which have doubled over 25 years in real terms. Philanthropy dynamics, capital maintenance, and other expenses dangerously drain endowments.
To survive Non-Profit Institutions must proactively establish a clear, sustainable operating strategy that provides for current and future operating budget growth, capital maintenance and project requirements and endowment payout rates over a long-term time horizon.
Solaris is an Experienced Partner who understands the complexities, special requirements and fiduciary duties of Operating Not-for-Profit institutions. Our extensive backgrounds in public finance, on non-profit boards, and investment, finance and audit committees, along with our proprietary modeling enables us to enhance Board’s and management’s informed decision-making by better assessing their unique, financial challenges, budget viability and feasibility of current and future projects.