Profit For Purpose

Mr Grant Corderoy1

1StewartBrown, Chatswood, Australia

The not-for-profit sector is under increasing public and legislative scrutiny. The lines between what is the mission purpose and what profit needs to be achieved has blurred, and this can affect future strategic decisions. We examine the NFP aged care sector and the financial performance and compare to the for-profit providers and identify areas of differences and commonality. This then allows for important decisions to be made by not-for-profit providers as to what resources need be targeted to achieving an appropriate and sustainable profit and what can be properly directed to mission based activities. Grant Corderoy, Senior Partner of StewartBrown has over 40 years’ experience within the charity sector in a variety of capacities and together with the recent analysis derived from the StewartBrown Aged Care Financial Performance Survey will provide contemporary insights into the ongoing challenge of margin versus mission.

 

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