Fall Board of Associates Meeting to Focus on Financial Health of Nonprofits
Allentown, Pa., October 23, 2018— The financial health of nonprofits will be the topic of the fall 2018 meeting of the Lehigh Valley Community Foundation (LVCF) Board of Associates on October 30. Nadya K. Shmavonian, director of the Nonprofit Repositioning Fund, and a partner at SeaChange Capital Partners, will present data from the January 2018 report, The Financial Health of the US Nonprofit Sector and will detail approaches that investors can take to address these challenges.
The LVCF Board of Associates meetings are held to engage a broad range of influential community members in a dialogue in order to better serve the Lehigh Valley. After a welcome and update from Michael Stershic, chair of the LVCF Board of Associates, and Bernie Story, LVCF president & CEO, Shmavonian will present The Financial Health of Nonprofits: Strategies for Investors.
“Whether a nonprofit is focused on alleviating poverty or raising the bar for artistic or scientific excellence, the value these organizations share is their commitment to elevate social good above the pursuit of profits,” Shmavonian noted. “Nonprofits matter to their communities, and we need to focus on supporting these organizations to maximize their impact at a time of rapid change and social turbulence.”
A 2018 report on the financial health of US nonprofits sheds light on the challenges these organizations face.
- 7-8% are technically insolvent with liabilities exceeding assets
- 30% face potential liquidity issues
- 30% have lost money over the last three years
- 50% have less than one month of operating reserves
About Nadya K. Shmavonian
Nadya K. Shmavonian is director of the Nonprofit Repositioning Fund, and a partner at SeaChange Capital Partners. The Repositioning Fund is a pooled fund contributed by philanthropic partners that encourages and supports mergers and other types of formal, long-term strategic alliances and restructuring opportunities among nonprofit organizations in the Greater Philadelphia region. SeaChange Capital is a nonprofit merchant bank based in New York.
Shmavonian served as president of Public/Private Ventures (P/PV) from 2010–2012, where she presided over the responsible dissolution of the organization. Shmavonian also has extensive foundation management experience, having served as vice president for strategy at the Rockefeller Foundation, and executive vice president at The Pew Charitable Trusts. Shmavonian has served on many foundation and nonprofit boards, including the Center for Effective Philanthropy, The Lenfest Foundation, and the Surdna Foundation. She teaches graduate seminars on nonprofit governance at the School of Social Policy and Practice (SP2) at the University of Pennsylvania, where she was awarded the 2018 Excellence in Teaching award. Nadya holds a B.A. from the University of Chicago, and an M.B.A. with a concentration in health care management from the Wharton School of the University of Pennsylvania. She was awarded the Kathleen McDonald Distinguished Alumna Award from Wharton Women in Business in 2011.
The LVCF Board of Associates is a non-incorporated association of individuals that meets twice annually to discuss issues important to the Foundation and the Lehigh Valley.
Click on the photo below to see the gallery from the event or click here to see all the photos on LVCF's Flickr page.
See the video of the presentation below...
Download PDF of Slide Presentation...