What trends has the National Council of Nonprofits seen?

Challenges From Rising Yields

Higher yields could impact the cash flows of nonprofits that depend on loans or credit lines; because the cost of financing in the U.S. remains the highest since 2008, expense reduction becomes even more vital for nonprofits. [1]

Talent Competition, Shortage

“74.6% of respondents report job vacancies,” so the frequency of nonprofit job vacancy remains.” [2] By comparison, only 33% of private businesses had job vacancies at any time between August 2021 and September 2022, according to U.S. Department of Labor data.” [3]

The severity of the vacancy has pulled back since the 2021 survey reading of 76%, yet 33.8% of the responding nonprofits with vacancies reported 20% or more of their jobs were going unfilled. [4] Nearly another third 32.7% identified vacancy rates of between 10% and 19%. [5]

The root cause lies in the challenge to provide “competitive salaries and benefits, then “they may lose employees and candidates to higher-paying jobs in the for-profit sector.” [6]

Goal: Minimize Costs, Survival and Success

An intelligent insurance broker may have the capability to reduce operational expenses through data analytics, risk management, and insurance.



2023 Nonprofit Workforce Survey Results. Communities Suffer as the Nonprofit Workforce Shortage Crisis Continues (April, 2023). https://www.councilofnonprofits.org/files/media/documents/2023/2023-nonprofit-workforce-survey-results.pdf