Date of Award

8-2026

Document Type

Dissertation

Degree Name

Doctor of Business Administration (DBA)

Degree Discipline

Business Administration

Abstract

Black-led nonprofit organizations play a vital role in addressing socio-economic inequities, but many suffer from persistent financial constraints. Prior research has explored nonprofit financial management and organizational performance; however, how financial caution influences the health of Black-led nonprofit organizations remains understudied. This study examined the relationships between financial caution and the financial strength of Black-led nonprofit organizations. The study addressed two questions: (1) What is the relationship between financial caution and financial sustainability among Black-led nonprofit organizations? and (2) What is the relationship between financial caution and growth among Black-led nonprofit organizations? Data were collected through an online survey administered to nonprofit leaders. Results revealed statistically significant negative relationships between financial risk aversion and financial sustainability and growth.

Keywords: Black-led nonprofit organizations, financial risk aversion, financial sustainability, Leadership Identity Theory, nonprofit leadership, organizational growth, Prospect Theory, Resource Dependence Theory

Committee Chair/Advisor

Louis Ngamassi

Committee Member

Hesam Shahriari

Committee Member

Anish Menon

Committee Member

Yuebing Liu

Publisher

Prairie View A&M University

Rights

© 2021 Prairie View A & M University

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Date of Digitization

9/28/2026

Contributing Institution

J B Coleman Library

City of Publication

Prairie View

MIME Type

Application/PDF

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