Wednesday, July 1, 2009

Happy New Fiscal Year!

July 1st is one of my favorite days of the year. As the prior fiscal year comes to a close there's nothing more to do but wait for those final official numbers. When those numbers are good, it's time to celebrate and bask in the glow of a job well done. When they aren't (and let's be honest, that's the case for many this year) it's a chance to wipe the slate clean and begin a new 'best year ever'!

Normally, this would be the time to set a new baseline number - to build on - for the future. Take a look at those key metrics and determine what's working, what isn't, and what strategies should be tweaked going forward. By now you'd have a pretty good idea from numbers late in FY09, but the final counts provide a complete look at the year. How was retention? New donor acquisition? Upgrade percentage? Average gift? All those numbers that haunt us day and night can be calculated a million different ways to determine the health of our programs.

I'm not sure this is the best year for that.

As I speak with others in programs large and small, I worry that too many organizations are seeing abnormal numbers and making dramatic changes as a result of that data. Let's not forget that FY09 was a strange year. Metrics may be wacky and in some situations it's simply because donor behavior WAS affected by the economic climate. I'd hate to make drastic decisions based on a single year of data, especially this one.

Successful programs can and should always adapt, adjust and improve. But to take that same successful program and decide, based on FY09, that a complete overhaul is necessary might just make a bad situation worse. I've heard it's a good idea not to throw the baby out with the bath water. This is a pretty good time to heed that advice.

Have a happy and successful new year! Let's hope this one isn't quite as eventful as the last.
Share/Bookmark

No comments:

Post a Comment

 
Clicky Web Analytics