By Nick Sabbatini, CPA, Audit Manager

Social distancing has led to a reduction of customer foot traffic and a shift towards a remote workforce, notably impacting revenue streams.  For nonprofit organizations, this means finding ways to cope with a reduction in program participation while also grappling with ways to alter processes and program management to ensure health and safety.  However, nonprofit organizations face an additional blow, as donations and grants, which often provide the bulk of funding needed for general operations, dry up due to the cancellation of fundraising events, and tightening of budgets during the crisis.  Given this significant drain on operational funding, nonprofit organizations need to adjust operations and use existing resources to ensure their doors remain open. (more…)