Horizons Fall/Winter 2020

strategic decisions will be needed as many organizations plan for tighter future budgets. Organizations will need to do more with less.

Creative utilization of existing talent as well as evaluation of potential technological infrastructure improvements to increase effectiveness and efficiency will need to continue to increase effectiveness and efficiency. Retaining the needed talent may also be a challenge for organizations in the future, particularly if other industries recover more quickly. Maintaining a culture of flexibility, in not only job responsibilities but also work environment and schedule, will be necessary. challenges are expected to continue into 2021 and beyond, organizations with the ability to adapt and thrive in any environment will ensure their continued success. Innovation and creativity as well as the ability to make difficult, strategic decisions will be required; however, history shows that not-for-profit organizations have survived previous economic challenges and will weather this storm as well. Although the outlook for nonprofit organizations remains uncertain, and

NOT-FOR-PROFIT SERVICES As a recognized leader in the not-for-profit sector, RubinBrown has the resources essential to serve arts and cultural organizations, foundations, private schools, religious organizations, social service agencies and trade and membership associations.

Judy Murphy, CPA, CGMA Chair & Partner Not-For-Profit Services 314.290.3496 judy.murphy@rubinbrown.com Amy Altholz, CPA, CGMA Partner-In-Charge Not-For-Profit Services 314.290.3369 amy.altholz@rubinbrown.com

28 How Not-For-Profit Organizations Can Use Creative Tactics to Persevere into the Future