Questions We Help Clients Answer:
- What should trustees and executives know about assessing, managing and mitigating financial risk?
- How should we measure "success"?
- What practices or strategies will help to increase our impact and effectiveness?
- How can we improve financial and board report transparency and accountability?
- What options are available to increase revenues or save money?
- Which organization(s) would suit us for partnering?
Outcomes Our Clients Can Expect:
- Strategies, Tools & Plans to minimize Financial Risks
- Board/Staff Training - Understanding & Planning for Financial Health and Risks
- Financial Report Critiques & Analysis/Interpretation
- Impact/Performance & Risk Monitoring as well as Key Indicators
- More Effective & Efficient Use of Resources
- Revenue Growth Alternatives
- Partner/Peer Comparisons
From Our Blog
Did you know that when it comes to governance, the primary risk facing all nonprofits is the failure of directors and senior leadership to be sufficiently active and informed?
That was the takeaway from a panel discussion during a conference of the National Association of Attorneys General (NAAG) and National Association of State Charity Officials (NASCO).
Lack of board and senior leadership financial literacy exposes organizations to risk.
Board education directed toward financial oversight and financial risk detection goes a long …
A report entitled, The 2016 National Arts Index, An Annual Measure of the Vitality of Arts and Culture in the United States: 2002-2013, was recently released by Americans for the Arts. As I read the report I was not surprised but I was disheartened by the financial challenges faced by this sector, especially after reading another earlier report (Oliver Wyman and SeaChange Capital Partners) about the entire nonprofit sector’s need to improve financial risk management procedures and policies.
As I read …
It’s not looking good for the Wounded Warrior Project (WWP). If you haven’t read the news, The New York Times published an article on January 27th about how the largest and fasted growing nonprofit “spends lavishly on itself” in light of evidence of over the top salaries paid to its top executives as well as allegedly unusually high travel, lodging, conference, dining and other expenses. The point is, donors may not be getting what they paid for. Although this is an …