Date of Conferral
12-9-2024
Degree
Doctor of Business Administration (D.B.A.)
School
Business Administration
Advisor
Isabel Wan
Abstract
Nonprofit organizations play a crucial role in providing essential resources to communities. However, research indicates that many nonprofit leaders lack the financial strategies needed to generate sustainable revenue for their organizations. Grounded in the resource dependence theory, the purpose of this qualitative single-case study was to explore the financial strategies that three nonprofit leaders used for revenue generation to sustain the organization. Data were collected from the literature review, semistructured interviews, and public documents. The thematic analysis included data coding and theme identification. The three key themes identified were revenue diversification, relationship-building, and internal financial processes. The key recommendations for nonprofit leaders are: (a) assess financial stability, (b) explore innovative financial strategies, and (c) develop a succession plan that includes a financial plan. The implication for positive social change includes the potential to provide financial strategies that nonprofit leaders can use to ensure sustainability and continue providing essential services to their communities.
Recommended Citation
Young, Charlena, "Financial Strategies Nonprofit Organizations Use for Sustainability" (2024). Walden Dissertations and Doctoral Studies. 16813.
https://scholarworks.waldenu.edu/dissertations/16813
