Financial Sustainability Strategies of Religious Nonprofit Organizations
General Material Designation
[Thesis]
First Statement of Responsibility
Allen, Erica
Subsequent Statement of Responsibility
Truitt, Tim
.PUBLICATION, DISTRIBUTION, ETC
Name of Publisher, Distributor, etc.
Walden University
Date of Publication, Distribution, etc.
2020
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
156
DISSERTATION (THESIS) NOTE
Dissertation or thesis details and type of degree
D.B.A.
Body granting the degree
Walden University
Text preceding or following the note
2020
SUMMARY OR ABSTRACT
Text of Note
The percent of religious nonprofit organizations (RNOs) facing uncertainty in operational capital and resources will rise as government funding diminishes. The RNOs that struggle to maintain a competitive advantage are at high risk of failure. Grounded in the resource-based view theory, the purpose of this qualitative multiple case study was to explore funding strategies leaders of RNOs use to achieve financial sustainability beyond the first 5 years of operation. Participants were 3 leaders of RNOs in Middle Tennessee with successful experience in applying funding strategies that increased revenue year-over-year while serving their constituencies. Data sources included face-to-face interviews and organizational documents. Thematic analysis was used to analyze the data. Three themes emerged: prioritizing core donors as primary parts of business strategy, fostering community within the organization, and collaborating with other RNOs to expand services. The implications for positive social change include the potential for leaders of RNOs to cultivate a stable donor base, increase funding capital, and support the economic and social development of the regional communities.