Date of Conferral



Doctor of Business Administration (D.B.A.)


Business Administration


Rocky J. Dwyer


Nonprofit leaders face the challenges of ensuring their organizations are financially healthy while navigating economic and organizational issues that require strategies to support program growth with limited financial resources. Grounded in Markowitz’s modern portfolio theory, the purpose of this qualitative single case study was to explore strategies nonprofit leaders used to support program growth and sustainability with limited financial resources. The study participants were three leaders of a nonprofit organization in the northwest region of the United States who had expertise related to the focus of the research. Data were collected through semistructured interviews, analyses of the client organization’s internal archival data, and organization documents. Data were analyzed using Yin’s five-step approach, and three themes emerged: nonprofits need a paid workforce, stable revenue streams, and a post-pandemic strategy. A key recommendation for nonprofit leaders is to have multiple revenue streams. The implications for positive social change could include enabling nonprofit leaders to gain financial sustainability by having multiple sources of income so that their organizations can continue advocacies that could positively affect the communities they serve. By having more stable funding, nonprofits can have the financial freedom to operate and continue to improve their programs and offerings.