Examining Nonprofit Financial Condition and Resiliency Strategies in Response to COVID-19

Authors

  • Trang Hoang University of Nebraska Omaha
  • Craig S. Maher University of Nebraska at Omaha
  • Richard Nkrumah University of Nebraska Omaha

DOI:

https://doi.org/10.20899/jpna.7889q448

Keywords:

financial condition resilience, nonprofit, response strategies, COVID-19

Abstract

Nonprofit organizations play a vital role in the provision of services. While many turn to nonprofits for help during crisis, nonprofits often find themselves confronting various funding challenges in uncertain and turbulent circumstances. Previous studies have analyzed how financial indicators predict nonprofit vulnerability. However, very few studies have considered the influence of financial condition on nonprofit response strategies and resiliency in financial distress periods. This study examines how nonprofit financial condition influences responses to financial shocks caused by the COVID-19 pandemic. Using a convenience sample of responses from medium and small-sized nonprofits in the Midwestern area, coupled with NCCS Core-File data, this study shows that financial condition affects nonprofit response strategies as well as their ability to secure additional funding and hire more staff in the absence of volunteers. This study offers important implications for our understanding of the relationship between the financial condition of nonprofits, their response strategies and nonprofit financial resilience.

Author Biographies

  • Trang Hoang, University of Nebraska Omaha

    Trang Hoang is an associate professor in the school of public administration, University of Nebraska at Omaha, where she teaches graduate-level courses in public and nonprofit budgeting, human resources management, and research methods. Her primary research interests include public pension, municipal fiscal health, and nonprofit financial management. 

     

  • Craig S. Maher, University of Nebraska at Omaha

    Craig S Maher is co-editor of the Public Finance journal and director of the Nebraska state and local government finance lab at the University of Nebraska at Omaha. He recently co-authored Understanding municipal fiscal health: a model for local governments in the USA. ORCiD: https://orcid.org/0000-0001-5562-3473

  • Richard Nkrumah, University of Nebraska Omaha

    Richard Nkrumah is a current PhD candidate at the school of public administration, University of Nebraska at Omaha. His research interests include public budgeting and finance, technology in government, and public policy. ORCiD: https://orcid.org/0000-0003-0957-6316

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Published

2024-12-11 — Updated on 2024-12-11

Issue

Vol. 10 No. 2 (2024)

Section

Research Articles

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