Focus on Finance: COVID 19’s Impact on the Bottom-Line of Canadian Associations
For the associations positioned to weather the storm of the initial months of the COVID 19 pandemic, many are finding themselves with a bit of breathing room in terms of immediate cash flow and financial viability issues. Inevitably, many of those that were without a sufficient financial cushion or access to government supports have not fared so well.
The August edition of the Association Pulse provides the latest critical data and insights into the financial impact of COVID 19 on Canadian associations. It is based on a survey completed by 279 Canadian associations and other nonprofits between July 22 and July 30, 2020.