Helping Nonprofit Leaders Establish Good Financial Habits
PHOENIX (May 22,2023) — Growth Partners Arizona has partnered with the Alliance of Arizona Nonprofits + Arizona Grantmakers Forum to provide one-on-one consultation to nonprofit executives and board of directors who complete the Finance & Loan Navigator program. This innovative new program will help nonprofit leaders better understand and manage their organization’s finances, free of charge.
The Finance & Loan Navigator program is available to help create a better understanding of both organizational nonprofit finances and the loan preparedness process. The new program is set up as three virtual, on-demand modules individuals can complete at their own pace: Financial Essentials, Financial Strategy and Loan Navigator.
The overall goals of the course are to:
- Increase confidence in understanding nonprofit financials.
- Understand how debt can be beneficial.
- Strengthen an organization’s financial health.
- Expand conversations related to loan options as a tool to grow or expand programs.
- Find solutions for financial opportunities or challenges.
- Understand when an organization is or isn’t prepared/ready to obtain a loan/incur debt.
- Understand cash-flow forecasting.
- Proactively ensure the nonprofit’s C-suite/board understands finances and loans.
“During the pandemic, we saw first-hand how many nonprofits were ill-prepared for the PPP loan or EIDL application process and an overall need for more financial acumen in some organizations,” said Jennifer Purcell, Chief Impact Officer for the Alliance of Arizona Nonprofits + Arizona Grantmakers Forum.
“We recognize the challenges nonprofits face in securing capital and through this partnership we are able to work collaboratively to ensure nonprofit leaders are getting the support they need to grow their organizations,”Andre T. Whittington, Executive Director Growth Partners Arizona
When a nonprofit organization completes the Finance & Loan Navigator program they will not only learn about organizational finance, but they will also learn how nonprofit loans can bridge cash flow gaps. Growth Partners Arizona is also excited to be able to partner with Lesli Pintor who will be supporting the program as a consultant offering one-on-one consultations to leaders who complete the training.
About Growth Partners Arizona
GPAz is a Certified Community Development Financial Institution that is focused on deploying responsible capital and providing critical support to Arizona-based nonprofits and economically underserved small businesses outside the economic mainstream. We aim to achieve economic justice through forward-thinking, working collaboratively, and build an inclusive economy that works for all.
For more information visit us at: https://www.growthpartnersaz.org/
About the Alliance of Arizona Nonprofits + Arizona Grantmakers Forum
The Alliance of Arizona Nonprofits was founded in 2004 and is a trusted resource and advocate for Arizona’s nonprofit sector. Composed of more than 1,000 members across the state, both nonprofits and those in the community who support them, the Alliance is dedicated to furthering the common interests of Arizona’s nonprofit community.
Merged in August 2022, the Alliance of Arizona Nonprofits + Arizona Grantmakers Forum will enable more impactful collaborations among philanthropic and nonprofit leaders. Arizona Grantmakers Forum members are part of a network of more than 400 philanthropy professionals from more than 80 member organizations across the state. This merger positions the nonprofit sector as a key partner with the government and business community to drive economic growth and build an equitable Arizona where all people thrive. For more information, visit www.arizonanonprofits.org.