In 1997 and 1998, James Management Associates, an accounting and management consulting firm specializing in health care in Nashville, Tenn., researched, assessed, and made recommendations on the issue of small nonprofit agency cash flow and financial management problems.
Small community-based organizations and nonprofit organizations are important laboratories for the development and demonstration of many of RWJF's programs and interventions. Many such agencies experience financial difficulties.
The grantee organization interviewed staff from 20 community-based organizations funded under various RWJF national programs.
Project findings suggested the following:
Initiate changes to RWJF's internal processes and programs and increase core support funding for certain costs.
Assume more active development of grantee management capabilities.
Collaborate with other philanthropic organizations to pursue infrastructure development initiatives.