052: Mergers, Acquisitions & Strategic Options for Nonprofits in Uncertain Times (Part 1)

With many nonprofits facing existential threats due to revenue loss, federal funding freezes, and policy shifts, organizations are forced to operate on reserves while waiting for clarity that may never come. Now more than ever, it is crucial that nonprofits reframe their views on mergers and acquisitions—as well as the many alternatives.On today’s episode, Atrómitos president, founder, and CEO Michealle Gady is joined once more by Michaela Kay of BDO and Jacob Ferrari of Apex Law Group. Julie Morris, interim executive director of Wellspring Family Services, rounds out our panel of experts to discuss the complexities of nonprofit mergers and structural changes in the current challenging landscape.Want a refresher on Michealle, Jacob, and Michaela and their conversation detailing the report on the sustainability of human services contracting in Washington state? Listen (and read) here.Julie Morris is the Interim Executive Director at Wellspring Family Services in Seattle, WA. As a professional interim leader, she specializes in helping organizations navigate periods of change and transition. Julie has practical experience leading a nonprofit through a program and asset transfer and is deeply committed to solutions that prioritize community impact and long-term sustainability over organizational ego.Key TakeawaysWhat are our experts seeing right now in terms of organizational stability and financial health in the nonprofit sector, and when should a nonprofit leader start considering structural changes rather than weathering the storm?What's the difference between a merger, an acquisition, and an asset transfer in the nonprofit context? When do the alternatives—such as fiscal sponsorship, management services agreements, collaborative partnerships—make the most sense?What does financial due diligence look like for nonprofit transactions? How do restricted funds and grant obligations complicate these transactions?This episode is part one of a two part deep-dive, so be sure to tune in next month to hear the rest of this conversation. If you’re an executive director listening to this episode and thinking, “This might be us,” you won’t want to miss it.Atrómitos Knowledge Hub Promo--This podcast is a production of Atrómitos, a woman-owned boutique consulting firm creating a better way for our health and human services provider clients to achieve their goals by strengthening internal operations, enhancing financial stability and evaluating public policies.Want to know more about the firm behind the podcast?Atrómitos, LLC Website: https://atromitosconsulting.comFollow us on LinkedIn: https://www.linkedin.com/company/atromitos-llc/Subscribe on YouTube: https://www.youtube.com/@atromitosllcGet Emails: https://atromitosconsulting.com/atromitos-way/#subscriberIn addition to our podcast, we've developed additional resources to improve your understanding of both long-standing and emerging issues important to leaders in the health and human service provider, government and philanthropic sectors.Our articles, policy briefs and infographics provide you with information you can use to reach your organization’s goals. Atrómitos Way Podcast Website: www.atromitosconsulting.com/atromitos-wayFollow us on LinkedIn: www.linkedin.com/showcase/the-atrómitos-wayArticles: https://atromitosconsulting.com/atromitos-way/progress/White Papers: https://atromitosconsulting.com/atromitos-way/unlocking/