Organizational Financial Analysis: Sustainable Tourism Development in the Yucatán Region

As a graduate student at the Monterey Institute of International Studies working toward a Masters in Public Administration and International management I am utilizing my summer as a prime opportunity to take an internship abroad in Latin America.    I have landed in the Yucatán region of Mexico to work with Centro Ecologico Akumal, an organization working to create models for sustainable tourism development in the Mexican Caribbean through research, education and outreach.Social Change Organization in Akumal, Mexico

Upon my initial meeting with the director of Akumal it became quite apparent that this organization suffers from the same sustainability issues that most social change organization need to address, primarily funding.  Although roughly 85% of their income is earned income in the form of their program services and fee’s about 15% of their annual income comes from grants.  However, due to the world financial crisis, foundations have reduced the number of grants being offered and this has effected Centro Akumal severely maintain a monthly by monthly basis of sustainability and inability build up reserves.

The director’s first request of assistance was to help him write funding proposals to support their various programs.  Although I am capable of providing such a service to the organization, I would like to engage in work that has a longer impact than a few proposals produced over the summer for some funding, rather I would like to analyze their existing funding sources and propose various capacity building workshops given my research and analysis.

A particularly insightful meeting was that with the head of finance and administration of the organization.  As finance grant manager for TechSoup Global, it is refreshing to engage in a conversation with a staff member who can realistically provide me with an overall summary of the organizations costs and income distribution based upon their services.  An interesting conversation with him lead me to understand that the organization is suffering so much from financial sustainability that he believes that every staff member should fundraise for their own salary. He himself is taking fundraising courses in an attempt to support his own position in the future, as he plans to retire in two years.

However, I thought to myself – that sounds like a huge waste of time and inefficiency.  A turtle restoration program manager may be great at managing their program, but that does not mean they have the skills to market their program and fund their positions.  I explain to him the value of utilizing everyone’s best skills to suite their job responsibilities – to which he agreed, but the mentality of seeking funds was pervasive, and demonstrates the need for my work to produce a financial sustainability plan for this organization so their staff members can focus on the quality and impact of their programs and not securing their salaries.

This entry was posted in Tanilee Eichelberger (Yucatán, Mexico) on by .

About Tanilee Eichelberger

Tanilee specializes in creating project budgets, auditable tracking systems, grant fund accounting, and project management. She brings eight years of accounting and business experience to her work. A UCLA graduate with distinct honors, she is currently Finance Grant Manager at TechSoup Global. Concurrently, she is attending the Monterey Institute of International Studies to complete a Masters of Public Administration in International Management. Her concentration is in Human Rights Advocacy in Latin America and the Caribbean for vulnerable communities including women, children and Afro-latinos. She is the recipient of numerous scholarships including the Emma B Keller Fine Arts Scholarship, and a fully funded scholarship recipient to attend the Monterey Institute of International Studies, a school of MiddleBury. Tanilee is fluent in Spanish and English and looks forward to learning Brazilian Portuguese. In her spare time, she enjoys performing samba in the San Francisco Bay Area with her samba group "Amor Do Samba", and designing and creating samba costumes for her shows.

11 thoughts on “Organizational Financial Analysis: Sustainable Tourism Development in the Yucatán Region

  1. Leanna Lounds

    I intended to send you the little word to give many thanks as before for your personal breathtaking tips you’ve shared in this case. It has been simply tremendously open-handed with people like you to convey openly what exactly many individuals could possibly have offered for sale as an ebook to help with making some profit for their own end, particularly given that you could possibly have done it in case you desired. Those tips as well worked to provide a great way to recognize that other individuals have the same desire just like my personal own to find out significantly more pertaining to this problem. I am sure there are lots of more fun periods ahead for folks who scan through your site.

    Reply
  2. Ariella

    I am aware this if off theme but I am searching into commencing my possess blog and was asking yourself what all is required to acquire create? I’m assuming having a web site like yours would price a quite penny? I am not fairly online world savvy so I am not 100% good. Any strategies or help might be dramatically appreciated. Cheers

    Reply
  3. sbosbo

    I think you are replying to the wrong post, Bruce. I imagine you ended up here due to a Google Alert on TEFL International, so why haven’t you commented on the latest piece of disgraceful marketing from your organisation?

    Reply

Leave a Reply to sbosbo Cancel reply

Your email address will not be published.