Page 48 - CJMay25
P. 48

Repertoire & Resources






        dance at various arts and culture events has declined   laborative efforts amplify our reach and effectiveness.
        or stagnated, with audiences increasingly seeking more   Collaborative  efforts  also  foster  trust  and  credibility
        immersive  experiences  rather  than  merely  attending   among stakeholders. Advocacy and public awareness
              4
        events.  This evolving demand has necessitated a re-  initiatives  are  vital  for  promoting  the  organization’s
        evaluation  of  traditional  organizational  practices  to   mission, thereby gaining additional support from the
                                                                                       9
        innovate in order to attract and retain audiences. The   community and policy makers.  It is also crucial to en-
        confluence of these factors illustrates the ongoing chal-  gage  with the community regarding their  needs. No
        lenges and adaptations that nonprofit music organiza-  one appreciates being told what they need or should
        tions must navigate to ensure their long-term viability   like. Rather, engage in a dialogue to produce a result
        and relevance in a rapidly changing ecosystem.      that will be beneficial to all concerned.
           But what to do about it? Financial sustainability is
        a  cornerstone  for  nonprofit  music  organizations,  en-
        abling them to deliver programs and services without          Challenges of Sustainability
        interruption.  This  requires  a  multifaceted  approach   The challenges we are up against mainly take four
        that  includes  diversifying  funding  sources,  managing   forms: funding instability, shifting donor demographics,
        expenses, and developing robust financial strategies. By   operation costs and resource allocation, and a changing
        adopting innovative funding models such as social en-  regulatory environment. Regarding funding instability,
        terprises and earned income initiatives, organizations   a study produced by Pancouver revealed that nearly 90
        can reduce their dependence on traditional donations   percent of the nonprofits surveyed relied on a single
                                                                                    10
        such as grants and ticket sales, thereby minimizing fi-  dominant  revenue  stream,   thus  making  them  vul-
                   5
        nancial risk.  In 2025, it is expected that nonprofits will   nerable to financial instability. Uncertainty surrounds
        increasingly  need  to  explore  non-traditional  revenue   investment  income;  foundation  support,  endowment
        streams to ensure continuity and resilience  6      withdrawals, and market downturns add to the already
           Sustainability involves the ability to maintain an orga-  precarious financial landscape as donors reassess their
        nization’s artistic and operational mission over the long   giving based on investment performance.
        term. While finances are a consideration, the capacity to   As for shifting donor demographics, younger gener-
        adapt and thrive amidst changing cultural and economic   ations, including Millennials and Gen Z, are becoming
        landscapes is paramount. Key aspects of sustainability   influential in philanthropic endeavors but are very often
        encompass strategic planning, resource diversification,   prioritizing social justice, environmental sustainability,
        and strong stakeholder engagement. These ensure that   and  giving  transparency.  This  has  and  will  create  a
        organizations can continue to serve their communities   shift in our organizations as we adapt to the changing
        effectively.  A clear and concise mission is vital for guiding   preferences that emphasize authentic communication
                 7
        all aspects of a nonprofit’s work. Ensuring mission clarity   about mission and impact. We must re-evaluate engagement
        can help align staff and board efforts while promoting a   strategies to attract and retain these emerging donor segments.
        focused approach to achieving long-term goals. Investing   Have you been to the grocery store lately? We can
        in capacity building and staff development is crucial for   all see the increase in operational costs. Insurance and
        maintaining a skilled workforce capable of meeting the   staffing  have  placed  a  further  strain  on  the  financial
        challenges. Additionally, effective volunteer management   resources of nonprofits. Increased premiums and costs
        should be implemented to maximize community engage-  associated with recruitment and retention add another
        ment and support. By actively engaging our volunteers,   layer of complexity that further highlights the need for
        we ensure that our organizations can leverage the unique   strategic  financial  planning  and  resources  allocation.
        skills and perspectives our volunteers bring to the table. 8  Perhaps trickiest of all is the regulatory landscape that
           Beyond  our  in-house  operations,  building  strong   is in constant flux with new laws and regulations that
        partnerships  and engaging  with the  community are   affect compliance requirements and fundraising prac-
        fundamental  to  the  sustainability  of  nonprofits.  Col-  tices. We must remain vigilant and adaptable to these



        46      CHORAL JOURNAL  May 2025                                                       Volume 65  Number 8
   43   44   45   46   47   48   49   50   51   52   53