Financial / Business Plans & Models
Today, nonprofits typically develop strategic plans, but include only a budget "projection"—neglecting to include a business model. Strong business models are based on in-depth analysis of a nonprofit's expenses as well as its revenues. The revenue should include projections of the mix of monies necessary to accomplish the mission and goals of an organization and may include: earned revenue, government support and contracts, and funds from private philanthropy (donors, foundations, and corporations). Expenses should include the fully allocated cost of programs and services, and identify needed R&D, infrastructure and/or capacity investments, and one-time or variable costs.