While nonprofit organizations may have a social purpose, they are, by definition, businesses that need to focus on profitability to further their mission. Like their for-profit brethren, they must have sound governance and financial practices—including a way to measure outcomes and ROI—that can support their growth and help them maximize funding, mitigate risks, and better serve their constituents. Without strategic operational investments, nonprofits risk failing to build up the foundation they need for sustainable success. Continue reading.