Strategy calls for diversified revenue
The Hudson River Sloop Clearwater, which faced a financial cliff last year, has developed a five-year plan to diversify its revenue, the Beacon-based nonprofit announced on Tuesday (June 10).
Clearwater needed an emergency fundraising campaign last year to stay afloat. It said its board developed the plan over nine months with the assistance of a team of business, education, maritime and marketing professionals. It projects a 15 percent annual surplus over five years to give the organization more stability.
The task force included Bill Braine, Peg Brandon, Dean Lentz and Helen Pashley; Clearwater board members Samantha Heyman Hicks, Peter Capek, Steve Stanne and Julia Wilson; and Clearwater staff David Toman, Jen Benson, Erin Macchiaroli, Emily Marcet and Meg Mayo.
