"Nonprofits Struggle to Survive as Revenue Plummets Amid Coronavirus" in The Wall Street Journal discusses the challenges faced by nonprofit organizations due to a significant drop in revenue amid the COVID-19 pandemic (Lovett & Lazo, 2020). The article points out that these groups count on donations, grants, and events to get money. But because of the pandemic, they're having a hard time with money, and their financial situation is not very stable.

The main reason the nonprofit organizations were in the news is the severe impact of the pandemic on their revenue streams. With lockdowns, restrictions on gatherings, and economic uncertainty, many of these organizations are struggling to maintain their operations and fulfill their missions. The article mentions that many nonprofits have had to cancel or postpone fundraising events, leading to reduced income. As a result, they are forced to make difficult decisions, such as laying off staff, cutting programs, or tapping into their reserves to survive.

The financial position of these nonprofits is discussed in terms of their revenue losses and the immediate measures they are taking to address the crisis. The article doesn't delve deeply into specific financial figures, but it highlights the overall struggle these organizations are facing due to the decline in donations and revenue. It emphasizes the financial strain and the need for government support to ensure their survival during these challenging times.

If the organization in question were for-profit, the reporting in the article would likely focus more on financial metrics such as revenue, profits, and losses. For-profit companies typically have more extensive financial data available publicly, including their financial statements and quarterly reports. The article might discuss the impact on shareholders, stock prices, and potential layoffs in a different context. Unlike nonprofit organizations, which rely on donor support, a for-profit company's response to financial challenges could involve measures like cost-cutting, restructuring, or changes in business strategies to maintain profitability and shareholder value.