Understanding when a merger is right for your organization
How do you know if a merger or collaboration with another nonprofit will be good for your nonprofit organization?
It makes sense to keep tabs on organizations that are competing with you for donation dollars. Your organization’s survival may depend on it. You may decide to initiate arrangements to work along-side some of your competitors. These collaborative efforts may produce beneficial results for all organizations and more efficiently fulfill both nonprofits’ missions.
It’s a difficult analysis and nonprofit managers are often torn between blazing your own trail or joining up with others. You may do just a little of one, a lot of another, or both. Let’s take a closer look at the main issues.
Please select this link to read the complete article from OSAP Member VonLehman CPA & Advisory Firm.