Resources
September 3, 2024
Resource Type: Risk eNews
Test Your Knowledge About Fraud Risk
In almost every community, you hear stories of fraud cases that went undiscovered at nonprofits for years, costing the organizations large sums of money. No nonprofit wants to believe fraud can happen to them. But while the overwhelming majority of...
Topics: Fraud and Financial Oversight
May 22, 2023
Resource Type: Webinars
Fundraising Risk: What to Consider Before Starting a Donor Relationship
Donor funds power many nonprofit organizations, but accepting donations always involves risk. From offending a donor due to recognition missteps to backlash from insiders and observers due to perceptions about donor intent, risks come in many forms. One thing that...
Topics: Fraud and Financial Oversight
March 20, 2023
Resource Type: Articles
Recession Lessons and Insights
We asked experienced nonprofit leaders to share their experiences managing risk in previous recessions, and what they learned. Here are three of their stories. I was in charge of our accreditation department during the 2020 recession caused by COVID. I...
Topics: Fraud and Financial Oversight
March 20, 2023
Resource Type: Articles
Recession Risk: Look Back and Forward to Fortify Your Mission
How are you sleeping these days? Many nonprofit leaders might struggle to fall asleep due to worries about the economy. Experts believe 2023 will bring a U.S. recession, despite the economy making a stronger showing than expected at the end...
Topics: Fraud and Financial Oversight
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
August 30, 2022
Resource Type: Risk eNews
How to Prepare Your Nonprofit for a Recession
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...
Topics: Fraud and Financial Oversight
October 21, 2021
Resource Type: Risk eNews
Fraud Risk: Every Nonprofit Mission is Exposed
The US Internal Revenue Service and international organizations have teamed up to call attention to Charity Fraud Awareness Week, which takes place in October. Fraud awareness and prevention are top concerns for nonprofit leaders. What’s more, with the explosion of cybercrimes,...
Topics: Fraud and Financial Oversight
May 18, 2021
Resource Type: Articles, Risk eNews
Heads Up: Why Fortified Fiscal Oversight is Key to Financial Well Being
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...
Topics: Fraud and Financial Oversight
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: Risk Management Essentials
The Financial Risk Issue
Download PDF What's Inside Examining Fiscal Risk for Mission-Minded Success The World of Nonprofit Finance Risk Heads Up: Why Fortified Fiscal Oversight is Key to Financial Well Being
Topics: Fraud and Financial Oversight