Resources
Is Financial Oversight Your Weakest Link?
By Melanie Lockwood Herman This week I finished reading a terrific new book, Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting, by Melisa F. Galasso. Melisa kindly sent me a copy after learning about NRMC from a friend, who spoke at this year’s Virtual Risk … Continued
How to Prepare Your Nonprofit for a Recession
By Rachel Sams Economists surveyed by Bloomberg in August put the likelihood of a U.S. recession within the next year at almost 50%. The economists also increased their inflation estimates for each quarter in 2023. That’s worrisome news for nonprofits walloped by the rising cost of supplies and for donors who may have to cut … Continued
Fraud Risk: Every Nonprofit Mission is Exposed
by Whitney Claire Thomey The US Internal Revenue Service and international organizations have teamed up to call attention to Charity Fraud Awareness Week, which takes place this week, October 18-22. Fraud awareness and prevention are top concerns for nonprofit leaders. What’s more, with the explosion of cybercrimes, this is a risk that affects all nonprofits … Continued
Heads Up: Why Fortified Fiscal Oversight is Key to Financial Well Being
By Melanie Lockwood Herman During the past 15 years, I’ve been honored to serve as a volunteer board member for several organizations. My first board role was for a community-based organization in the small village where I live. I had long admired the nonprofit’s historic preservation and conservation mission, and when the invitation to consider … Continued
Events
NeighborWorks America – Southern Region
“Recession Proof Your Organization”
Annual Head Start Health and Safety Institute 2023
“Fraud Prevention” and “Insurance Basics and Fundamentals”
GCAA Training & Technical Assistance Institute
“Fiscal Oversight and Fraud Prevention”
Indiana Nonprofit Resource Network
“Financial Best Practices and Essential Policies”