Some nonprofits ‘feel like they’re on an island by themselves’
Sam Coates knows the challenges facing Memphis nonprofits, especially smaller ones without endowments and reserve funds.
“I definitely feel like there are a lot of nonprofits that feel like they’re on an island by themselves,” said Coates, co-founder of CFO Leverage, a firm providing accounting advice and services to Memphis nonprofits.
Coates said that during “Coffee Break with CFO Leverage: Financial Clarity for Nonprofit Leaders,” a virtual roundtable call hosted by New Memphis, a local nonprofit whose roots were planted in 1979.
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Steve Bohnel
Steve Bohnel is a Temple University graduate, originally from Bucks County, Pennsylvania. He’s worked at news organizations in Iowa, Maryland and Pittsburgh, covering local and state politics. He covers health care, transportation and logistics, public companies, banking and finance and technology. He is an avid traveler, an Everton F.C. and Philadelphia sports fan, and likes collecting records and biking around town.
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