ived 96 perc
Executive Director Howard Brooks (Colorado Springs,
Colo.; 719-591-0772) credits his board with preventing financial
problems at his organization.
“The board recognized the risk in having too many eggs in one basket,” he said.
“Rather than waiting for a shortfall to happen, the
board has been active in helping the organization diversify revenue
sources,” Brooks said.
Six years ago, the organization receent of revenue from one government funder, he said.
“With board support we are expanding traditional fundraising and have created a social enterprise,” he said. The social enterprise the organization provides is making homes energy-efficient for paying customers—with 100 percent of the profits serving low-income families at no cost, Brooks said.
“That one government funder’s contribution has dropped below 80 percent of total agency revenue, even though their funding to us has steadily grown,” he said.