The 2024 Not for Profit Leader’s Report on Financial Management provides leaders with industry findings, insights and best practice solutions to help the organisation achieve long-term sustainability. 2024 marks our fourth annual survey on financial management.
The sector continues to face challenges with increasing operational costs, reduced funding streams and an increased demand for services.
Leaders must be adaptable to changing circumstances to ensure long-term survival. This requires a proactive approach that includes pricing reviews, funding diversification, expense reviews, embracing technology, and establishing a strong risk management framework.
The Not For Profit Leaders Report is a semi-annual publication produced by HLB Mann Judd Sydney. It involves surveying leaders in the not for profit (NFP) community, focusing on key aspects of strategic planning in March, with findings shared in May. Similarly, in July, NFPs are surveyed again on financial management, with the corresponding report released in September.
During July and August 2024, we surveyed more than 80 not for profit leaders on financial management. Of those that responded, 52 per cent were charities, 19 per cent member, club or peak body organisations, 9 per cent religious organisation, 8 per cent school or training provider. 5 per cent social enterprise, 5 per cent foundation and the remaining 2 per cent were 'other'.
About HLB Mann Judd Sydney
Mann Judd in Sydney was formed in 1970 and over the past five decades has grown to 30 partners and directors and over 180 staff members. Today the firm provides a comprehensive range of advisory and financial services. We work with many not for profits, specialising in strategic planning, business transformation and financial management, mergers & acquisitions, risk analysis including governance and cyber.
The Sydney firm is a member of the HLB Mann Judd Australasian Association. HLB Mann Judd has offices in most of the major business centres in Australia, New Zealand and Fiji. HLB Mann Judd is a member of HLB International, the global advisory and accounting network.
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