Resources

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

Examining Fiscal Risk for Mission-Minded Success

By Whitney Claire Thomey Powerful missions, community advocacy, and life-changing programs can only happen when nonprofits have sufficient financial resources and strong financial management. Sound financial decisions and financial risk management protect critical assets and make it possible for a nonprofit to deliver the services and programs that bring a charitable mission to life. However, … Continued

Examining Fiscal Risk for Mission-Minded Success

By Whitney Claire Thomey Powerful missions, community advocacy, and life-changing programs can only happen when nonprofits have sufficient financial resources and strong financial management. Sound financial decisions and financial risk management protect critical assets and make it possible for a nonprofit to deliver the services and programs that bring a charitable mission to life. However, … Continued

The World of Nonprofit Finance Risk

by Melanie Lockwood Herman and Whitney Thomey Myriad situations make up the world of nonprofit finance risk. The image above illustrates some of the common preventable, strategic, and external sources of risky financial situations nonprofit finance leaders may encounter. We offer the following recommendations for fortifying your organization against downside effects. Uncover What are the … 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

Fiscal Sponsorships: Managing Risk and Reward

By Glenn Mott and Colleen Lazanich This week we speak with Colleen Lazanich, CEO of CalNonprofits Insurance Services, the only social enterprise insurance brokerage in California. She has more than 30 years of experience across the insurance industry, with more than 20 years specializing in nonprofits. Colleen has worked for carriers, wholesale brokers and retail brokers … Continued

Risk Reporting

When it comes to managing risk, keeping informed can be half the battle. The challenge comes with designing a system of reports. What reports make the most sense for the organization? Who is going to write and update the reports? Who reviews the reports? Are there any action items that occur based on the report? … Continued

Reviewing Financial Transactions: Board and Staff Roles in Internal Controls and Audit Functions

New accounting standards underscore the board’s overarching fiduciary duty to be familiar with and ensure the protection of, financial resources. This Webinar reviews basic internal control procedures that divide responsibilities clearly between the board and the staff to create a series of checks and balances that reduces the possibility of fraud, theft and other mismanagement … Continued

Financial Risk Management: A Primer for Nonprofits

Learn about the top 10 financial risks facing nonprofits and how to focus your attention and resources on the areas most likely to materialize in your nonprofit. Learn what policies and procedures are necessary for sound financial management and how to create them. Watch this webinar to: Orient everyone towards a risk management approach to … Continued

The New 990: Friend or Foe? What You Need to Know to Prepare Your Organization and the Board for the Road Ahead

The IRS released the new Form 990 on December 20th, 2007. The new form will be required beginning in 2009. This Webinar will give your organization’s staff and board members a head start in preparing for the significant reporting changes required by the new IRS Form 990, and provide background on policy and procedural changes … Continued