Non-profits weather the economic uncertainty


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January 22, 2015 9:01 AM

Non-profit organizations like the Lloydminster MS Society of Canada and Lloydminster Interval Home will be looking to other sources of revenues this year as falling oil prices impact the donation income nonprofits rely on. - File Photo

As many residents begin to tighten the fiscal belt because of falling oil prices and layoffs in the energy sector, some in the non-profit world have begun to look at other revenue sources to supplement the income loss by potential financially strapped donors.

Johanna Green, Lakeland regional director of the MS Society of Canada, said that this community has shown its support for the MS Society during economic downtimes.

“It has demonstrated past commitments to our society,” she said. “We have risen to the action of helping out people.”

Green said that the MS Society of Canada has faith and confidence in the times ahead.

“We will continue to be strong,” she said.

Green said that it’s worth noting that this isn’t the first time the MS Society, and all non-profits, have had to deal with falling oil prices.

“We went through something similar to this in 2009,” she said. “Interesting, organizationally we experienced increased revenue ... during those challenging times.”

She points to the community for helping out during the troubling economic times in 2009.

One of the bigger fundraising events that Green hopes to get off the ground during this economic uncertainty is the MS Walk and Run, which will be held this year on May 2.

“It might seem early to start fundraising, but we encourage people to register sooner rather than later,” she said. “Statistics show that the sooner you start fundraising the more money you will raise.”

The executive director of the Lloydminster Interval Home Society, Angela Rooks-Trotzuk, said that like the MS Society, the Interval Home has had to adapt to sluggish years when the economy gets tough.

“What tends to happen is that the request for services goes up and the support goes down,” Rooks-Trotzuk said. “And what I mean by support, I mean financial donations and donations to our Interval Home store go down.”

Weathering the economic storm that the country is heading into, Rooks-Trotzuk said that tightening the financial belt will be key moving forward.

“It’s not that we don’t do that already, but non-profits rely on donations and government funding.”

Rooks-Trotzuk said that having two provincial governments talking about pinching pennies, and tightening belts when it comes to budgetary issues this year, non-profits must do the same in order to survive.

“We don’t have any concrete plans right now, but we are more aware now more than ever,” she said.

To donate to the MS Society of Canada, Lakeland Region, Green said that you can donate in numerous ways.

“Either by calling our office at 780-871-0513, or by stopping into at the office (located at 4419-52 Ave., Lloydminster),” Green said.

And to donate to the Lloydminster Interval Home, you can stop by the store located on 51 Street in Lloydminster.
“We accept donations from eight in the morning to four on Monday, Wednesday, and Friday. Tuesdays and Thursdays, we accept donations at till 8 p.m.,” Rooks-Trotzuk said.

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