Date of Conferral
Doctor of Business Administration (D.B.A.)
Ronald C. Jones
Leaders of nonprofit organizations fail to achieve financial stability to meet their mission and vision without sustainable funding. The achievement of fiscal sustainability is the most pressing challenge facing the nonprofit sector. Through the lens of the balanced scorecard model, the purpose of this multiple case study was to explore strategies that nonprofit organization executive leaders used to secure sustainable funding for financial stability. Data were collected from semistructured interviews with 5 executive directors of nonprofit organizations in Ohio and a review of their organizational documents relevant to sustainable funding. Data were analyzed using Yin's 5-step process for analysis. The 3 emergent themes resulting from data analysis were a sustainable programming strategy, a relationship collaboration strategy, and a donor commitment strategy. The findings of the study indicated that leaders of nonprofit organizations secure sustainable funding for financial stability through effective programming to fulfill their mission, developing collaborative relationships with internal and external stakeholders, and improving donor commitment to receive funding through reoccurring donations and endowment sources. Leaders of nonprofit organizations could use the findings of this study to provide comprehensive services that result in improved living and economic conditions in the communities they serve through implementing strategies for sustainable funding to meet the mission of their organizations.
Colemon, Jerel Lynnette, "Strategies Nonprofit Leaders Use to Achieve Financial Stability Through Sustainable Funding" (2019). Walden Dissertations and Doctoral Studies. 7219.