How to cut costs instead of your nonprofit’s staff

Many not-for-profits are still suffering financially from the pandemic, particularly as inflation makes expenses more costly. Before you consider cutting staff, find other expenses to slash. For example, if employees now work from home, see if you can break or renegotiate your office lease. And if you have more than one location, try to combine them for greater cost efficiencies. You may also be able to renegotiate terms with vendors. Just watch out for termination fees. Be assertive: Vendors may be willing to offer nonprofit discounts or donations. Finally, contact us for help overcoming financial hurdles.