Balancing Mission and Budget

By: A. Michael Gellman

You don't want your association's budget to be full of red ink, but sacrificing mission-critical activities to close a gap isn't in your best interests. Long-term thinking about your goals can focus your budget planning.

From a financial perspective, balancing mission, resources, and sustainability are mathematically impossible in the short run. But that balance is obtainable if you take a long-term perspective. I remind myself of this every time I help a nonprofit begin the process to assemble its annual budget....