TriscendNP works with nonprofits of all kinds to effectively balance the competing needs of talent retention and maintaining a strong bottom line.
Recruiting and retaining talent is one of the primary challenges faced by nonprofits today. In order to compete, organizations are required to provide compensation and benefit packages similar to those more commonly seen in the corporate sector. Simultaneously, given the proliferation of nonprofit organizations, today’s nonprofits are required to compete more aggressively for fewer dollars to fulfill their mission.
Stakeholders of all kinds – organizational staff, boards, and communities are calling for greater transparency and stewardship of financial resources, making the expenses associated with executive compensation in these organizations especially noticeable.
TriscendNP designs solutions that reduce costs and, in some cases return all funding dollars, which can include interest, to the organization while providing the potential for greater retirement income to the executive. The results are more consistent program performance and improved financial results for the organization to better serve its community. Our designs are flexible and can work either in concert with or as a replacement to existing plans.
- Attract and retain key executives in furthering the mission of the organization
- Design efficiency often requires less capital from the institution while maintaining the desired level of incentive for the employee
- Improved financial statement impact
- More responsible stewardship of financial resources
- Form 990 reporting congruent with mission
For additional information or to request a complimentary consultation to discuss the benefits of the TriscendNP ‘s offerings for your organization, please contact us.