Grant Winners become Growth Engines: Helping Nonprofits Manage a New Paradigm
Three nonprofit organizations faced a sudden influx of over $60 million in federal grants. While this is the kind of high-quality problem most organizations dream of having, the nonprofits anticipated operational challenges in managing these grants. The organizations turned to WhiteLabel to run an Operational Diagnostic. Over a three-month period, WhiteLabel investigated the firms to find strengths and weaknesses in human capital, processes, and systems, interviewing stakeholders, combing through financial documents, and benchmarking the firms against best practices. Presented to the Executive Directors and Boards, the diagnostics highlighted issues, and detailed remediations, necessary to effectively manage growth and the grants. For the largest grant winner, WhiteLabel stayed on to help implement outlined recommendations, and coach senior executives. WhiteLabel also helped redesign the finance department, which was struggling to manage and coordinate more than a half-dozen nonprofit and for-profit entities and help and select an enterprise-wide risk management system. An added bonus: WhiteLabel was able to pay for itself by negotiating highly favorable terms on the ERP system.