Nonprofits Facing Tough Financial Decisions Due To Pandemic Pummeling

Nationwide, and in Rockland County, nonprofits are struggling under the weight of the pandemic. Organizations of all stripes and sizes are flailing – they have had to cancel significant fundraisers or have been unable to plan them. They have lost ticket and event revenue. Those with government contracts are uncertain what will happen at the end of the fiscal year (June 30).

Most charities operate on thin margins. Nonprofits are subject to inflexible restrictions in most government contracts. Charities are penalized if they don’t keep costs down by rating firms that donors consult to decide if charities are run well.

Nonprofits may be facing tough choices, including dissolution or mergers.

Read our full discussion of this issue at https://rcbizjournal.com/2020/09/24/nonprofits-facing-tough-financial-decisions-due-to-pandemic-pummeling/

For more information about this article or other issues, please contact us, The Bachman Law Firm PLLC at judith@thebachmanlawfirm.com or 845-639-3210

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

The Bachman Law Firm PLLC helps business clients with matters including lawsuits, collections, real estate, contracts, corporate issues, and trademarks and copyrights. With offices in New City, the firm serves clients in New York and New Jersey including those in Manhattan, Bronx, Queens, Brooklyn, and Rockland, Westchester, and Bergen. 

Bachman-Law-Firm-Find-Us-new.png

THE BACHMAN LAW FIRM PLLC

ATTORNEY ADVERTISING DISCLAIMERS AND PRIVACY POLICY

ACCESSIBILITY STATEMENT