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

A Risk Management Journey with Miranda Hora

Miranda Hora is Senior Manager of Global Operations at Helen Keller International (HKI), a global development organization at work in 20 countries to save and improve the sight and lives of the world’s vulnerable by combating the causes and consequences of blindness, poor health, and malnutrition. Miranda manages the global operations systems that support the … Continued

6 Risk Trends that Matter to Your Mission

By Melanie Lockwood Herman Yesterday I read with interest Kate Barr’s new blog post titled 8 Trends in the Nonprofit Sector. Kate is the President & CEO of Propel Nonprofits, an organization that supports nonprofits in Minnesota and adjacent states. Propel’s finance factsheets, worksheets and other resources are top notch, and I recommend them. Kate’s … Continued

Risk Categorization: Learning from the Risk Leadership Certificate Program

By Erin Gloeckner Our Risk Leadership Certificate Program (RLCP) is underway. With our RLCP cohort, we’ve enjoyed productive generative discussions about core competencies for risk professionals, including risk assessment, risk culture, risk function design, and insurance program oversight. With each conversation, we challenged our understanding of risk management best practices, like risk categorization. Prior to … Continued