Foraker CEO talks nonprofit numbers, impact

Foraker CEO talks nonprofit numbers, impact

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State budget cuts are a topic of concern throughout Alaska because of a big drop in oil tax revenue. McMillan said Foraker researchers predicted this drop in income several years ago, and sounded the alarm to the nonprofit sector.

“I’ve been going around the state for four years saying, like Chicken Little: The sky is going to fall. Well, it just fell,” he said. “And, remarkably, a lot of nonprofits listened to what we said. And the data is going to show that this sector was more prepared for what’s going on right now than many other sectors.”

Other nonprofits have shut down or merged. Not necessarily due to a drop in federal and state funding, though. Some just couldn’t maintain a board.

Source Name: 
KRBD
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