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May 18, 2021
Resource Type: Articles
The World of Nonprofit Finance Risk
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...
Topics: Fraud and Financial Oversight
May 18, 2021
Resource Type: Articles, Risk eNews
Examining Fiscal Risk for Mission-Minded Success
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...
Topics: Fraud and Financial Oversight
October 17, 2020
Resource Type: Articles
Know Your CyberSpeak: A Cyber Risk Glossary
Navigating the world of cyber risk often feels a lot like learning a foreign language. Terms and concepts can be confusing and unfamiliar. This Cyber Risk Glossary will help nonprofit leaders as they examine cyber liability insurance policies and develop...
October 17, 2020
Resource Type: Articles
Framework to Implement a Cybersecurity Plan
Once organizations understand what cybersecurity is and recognize that it is a threat to their operations, the next step is to assess what cyber risks the organization has. By conducting risk assessments and implementing appropriate protections, organizations can decrease the...
October 17, 2020
Resource Type: Articles, Risk eNews
Demystifying Cyber Liability Insurance
Every nonprofit that collects and stores confidential information, Personally Identifiable Information (PI), or Protected Health Information (PHI) is vulnerable to a costly data breach and its consequences. Data breaches, denial of service attacks, and phishing scams are a sampling of...
Topics: Data Privacy, Tech Risk, Cybersecurity, Insurance and Risk Financing
July 2, 2020
Resource Type: Articles
Three Chords & The Truth: Methods for Approaching Business Continuity Planning
(download The Business Continuity Planning issue of Risk Management Essentials, here.) Many nonprofit leaders are seeking a clear, ‘best practice’ approach to creating a business continuity plan for their organization. Preferably a simple, straightforward approach that won’t take too much time. Or...
Topics: Business Continuity Planning
July 2, 2020
Resource Type: Articles
Cloud Computing – BCP Boon or Boobytrap?
(download The Business Continuity Planning issue of Risk Management Essentials, here.) Many nonprofits are routinely taking advantage of the “Cloud” to provide low-cost software and data solutions. Gone are the days when organizations were required to purchase and maintain expensive servers...
Topics: Business Continuity Planning, Data Privacy, Tech Risk, Cybersecurity
July 2, 2020
Resource Type: Articles, Risk eNews
Business Continuity Planning: Taking it from the Backburner to Front and Center
(download The Business Continuity Planning issue of Risk Management Essentials, here.) Certain aspects of the risk management discipline are more compelling than others. It’s easy to see how Enterprise Risk Management harnesses the power of your organization’s strategic initiatives and bolsters...
Topics: Business Continuity Planning
April 16, 2020
Resource Type: Articles
Engage: Inspiring Voter Participation and Engagement
(download The Political Risk issue of Risk Management Essentials, here.) Elected officials have a direct influence on fundamental issues related to our quality of life. These issues encompass everything from the minimum wage to the availability of funding for community-supported programs, from...
Topics: General
April 16, 2020
Resource Type: Articles, Risk eNews
Politics and Vigilance: Election-Year Risks and Your Nonprofit
(download The Political Risk issue of Risk Management Essentials, here.) NRMC is grateful to attorney Cindy Lewin, Partner and co-chair of the Nonprofit Organizations practice at Venable, for speaking with us about some of the risks that nonprofit organizations face during an election...
Topics: General