By Tom Condon
August 7, 2018
The term “nonprofit organization” may well be misleading. Some might think nonprofits aren’t really businesses.
Ah, but they are; indeed, some are large, intricate and highly regulated businesses. Like for-profit businesses, they need revenue to execute their missions. When that revenue falls off, they must make creative and/or hard-nosed business decisions.
This is the leaky boat in which many of the state’s nonprofits, particularly those under contract to provide human services to the state, find themselves.
Their state funding has been flat or slowly reduced over the past dozen years — “a death by a thousand cuts” one advocate called it — particularly after the 2008 Great Recession and subsequent state budget crises.
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