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February 23, 2023
Resource Type: Risk eNews
Managing Contracting Risk: How Do Your Practices Stack Up?
The expression "nothing is certain except death and taxes," is attributed to Benjamin Franklin. This week, in between reading a terrific book on The Swedish Art of Aging Exuberantly, I'm pondering a third inevitability for nonprofit organizations: contracting snafus. If...
Topics: General
February 7, 2023
Resource Type: Risk eNews
Live Long and Prosper: Strategies for Longevity in Risk and Life
When NRMC meets with prospective consulting clients, they almost always express concern about sustaining their risk management efforts. We hear things like: “We were full speed ahead when we began our ERM program a few years back, but it has...
Topics: General
January 30, 2023
Resource Type: Risk eNews
Manage Mission Risk with a Durable Theory of Change
Avoid “mission creep.” Avoid chasing contracts and grants that aren’t a fit for your nonprofit. Put structure around aspects of your nonprofit’s work and goals that can be “squishy.” Attendees at a webinar hosted by the Equitable Recovery Wallet late last year...
Topics: General
January 17, 2023
Resource Type: Articles, Risk eNews
2022 Risk Insights
Can’t bear to consider what unanticipated challenges might lurk around the corner for your nonprofit in 2022? We get it. (Even though, if you’re reading this, thinking about that is probably your job.) As a global pandemic unfolded over the...
Topics: Data Privacy, Tech Risk, Cybersecurity, HR Risk and Employment Practices
January 17, 2023
Resource Type: Articles, Risk eNews
2020 Risk Forecast: Risk Trends Facing Nonprofits
The jovial celebration of each passing year also ushers in a sense of unease and uncertainty: what will we face next? In 2020, nonprofit teams face new risks brought on by global megatrends as well as a few familiar risks...
Topics: Data Privacy, Tech Risk, Cybersecurity, HR Risk and Employment Practices
January 10, 2023
Resource Type: Risk eNews
Do You Know How Much These Nonprofit Jobs Pay?
The Great Resignation continues to play out, as more than 4 million Americans quit their jobs in November. Competitive pay isn’t all it takes to recruit and retain great nonprofit employees—but it’s essential. And inflation has impacted what it takes...
Topics: HR Risk and Employment Practices
December 22, 2022
Resource Type: Risk eNews
The Top 10 of NRMC’s 2022 RISK eNews
This year, nonprofits faced new and ongoing challenges, from international conflict to inflation to rising demand for services. We worked with clients to meet these challenges and many more while staying true to their missions and strategizing for the future....
Topics: Data Privacy, Tech Risk, Cybersecurity, Organizational Culture
December 7, 2022
Resource Type: Risk eNews
The Secrets of Effective Risk Communication
“Clear, concise, accurate, and timely information is hard to come by.” – General Stanley McChrystal & Anna Butrico, Risk: A User’s Guide During three decades of advising nonprofit sector leadership teams, we have heard and seen that many groups run out...
Topics: General
November 28, 2022
Resource Type: Risk eNews
Make Progress in Your Risk Program Real, Not a Mirage
In their terrific book, Risk: A User’s Guide, authors McChrystal and Butrico describe “structure” as one of 10 dimensions of building a “Risk Immune System.” But they caution readers that changing the structure of a function may not necessarily mean the...
Topics: General
November 9, 2022
Resource Type: Risk eNews
Is Financial Oversight Your Weakest Link?
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...
Topics: Fraud and Financial Oversight