The Korngold Board Vector

A Board Self-Assessment for Nonprofits Looking to the Future

Nonprofits face greater financial challenges than ever before; we know that from experience as well as studies from the Nonprofit Finance Fund. This is also a time of extraordinary opportunity as new philanthropists come onto the scene, corporations and foundations show fresh interest in alternative funding approaches, and fees for services present innovative options.

In order to vanquish the threats, while capturing and maximizing the opportunities, even the best nonprofit CEOs require truly high-impact boards. And even top development teams can only get the best results when they have truly committed board members.

So how does an organization build the best board that will work in collaboration with the staff to achieve the organization’s greatest potential?

The Korngold Board Vector is a brand new and unique board assessment tool for aspirational boards and organizations. This is a tool for nonprofits seeking to maximize revenue opportunities in order to achieve the organization’s greatest potential in service to the community. The Korngold Board Vector will show you how well your board is equipped to take the organization forward; it will help you to know what’s working and what needs to be changed in order to get you where you’re going.

The Korngold Board Vector is designed for organizations that are facing any of the following challenges and opportunities:

1. Increasing demands for services
2. Financial challenges, including reductions or delays in funding from key sources
3. New funding opportunities
4. Strategic alliances, including anything from loose affiliations to mergers or takeovers
5. Narrowing or expanding geographic areas of service
6. Reducing or expanding programs or services
7. Updating the relevance of the mission

The Korngold Board Vector will help your board to decide what’s working and what needs to be changed in order to take your organization forward to where you want to be in the next few years. You will discover if you need to do any of the following:

1. Clarify the board’s understanding of its role in advancing the organization financially and strategically
2. Establish expectations of individual board members and a system of accountability
3. Adjust the size and structure of the board
4. Create and implement a plan for board composition
5. Revise board practices
6. Establish leadership succession practices

The Korngold Board Vector will provide your board with reports and a framework to help you do the following:

• Assess and enhance your board’s composition, practices, and structure based on the direction in which the board seeks to take the organization, and the pace that the board wants to move.

The Korngold Board Vector will be available online on June 1, 2012 at www.korngoldconsulting.com.