Navigating nonprofits through succession & exit planning
If your executive director suddenly left or retired, could you identify the right candidates for the job? Who would fill the role until the board could appoint someone? Would your organization experience a decline in income or fundraising activities?
Ten to 15 percent of nonprofits hire a new executive director every year. Nonprofits must be prepared to answer difficult questions about succession planning to ensure the long term success of the organization.
Having a plan in place can prevent your organization from experiencing a negative impact due to a key staff member leaving. Succession plans provide reassurance to clients, donors and employees that your nonprofit can successfully continue even if leadership changes.
The right person to continue your mission
Because most nonprofit missions don’t dramatically change over time, finding an executive director, staff or board member with the right values and skills is critical so the organization's long-term success. The characteristics and beliefs your leadership team has can greatly impact the culture and integrity of the mission.
At Decision Associates, we approach nonprofit succession planning from all angles:
- Stakeholder perspectives
- Staff perspectives
- Skills assessments
- Behavioral assessments