theater management

Cash Talks: The Impact of Financial Reserves on Theatre Companies

Cash Talks: The Impact of Financial Reserves on Theatre Companies

According to the Nonprofit Finance Fund, most nonprofits have less than three months of cash reserves on hand. Most nonprofits have experienced a drastic impact on their programs and financing throughout the COVID-19 pandemic. But research shows that nonprofits with reserves were less likely to reduce operating hours, lose staff, or experience difficulty paying employees or vendors for their services.