In their latest Z-News, Ziegler has offered some thought-provoking talking points around the “no margin, no mission” debate. Now that COVID is more in the rearview mirror, organizations are reassessing their assumptions about the importance of margin management. Top among these include: that not-for-profit organizations should be “making money,” that the runway is much shorter for organizations with poor financial performance, that internally-subsidized service lines may no longer be a risk-free strategy, and that missions can and do evolve over time, and business decisions should align with those changes. Driving these conversations is the purview of the board, and LeadingAge offers a robust set of governance resources on the Learning Hub.
