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Run the Numbers

Scoring Big: The Playbook for Nonprofit Financial Success with USA Hockey CFO Kelly Mahncke

Feb 17, 2025
In this discussion, Kelly Mahncke, CFO of USA Hockey, shares her unique insights as the first nonprofit CFO on the show. She emphasizes the critical balance between generating revenue and maintaining a mission, coining the phrase 'no mission without margin.' Kelly dives into how grassroots initiatives and elite programs can coexist, the impact of the Winter Olympics on financial planning, and the importance of diversity in youth sports. Her experiences highlight the challenges of making hockey accessible and the innovative use of data and technology in nonprofit management.
43:47
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Episode guests

Kelly Mahncke

Podcast summary created with Snipd AI

Quick takeaways

  • A successful nonprofit, like USA Hockey, requires a focus on profitability and effective financial management to sustain its mission.
  • Balancing grassroots development with elite programs is crucial for USA Hockey to inspire new players while supporting high-caliber talent.

Deep dives

The Importance of Margin in Nonprofits

Having a successful nonprofit organization requires a strong emphasis on profitability, as emphasized by the notion that there is no mission without margin. Many people mistakenly believe that nonprofits should operate at a loss or avoid accumulating funds, but sound business practices are essential for sustainable operations. This perspective highlights that regardless of the organizational structure, effective financial management is crucial for achieving long-term goals and continuing the organization's mission. Successful nonprofits must strategically balance their resources and revenue strategies to ensure longevity and impact.

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