The risk management discipline continues to evolve and gain traction across the nonprofit sector, with organizational leaders recognizing risk management as a mechanism for loss prevention, quality improvement, informed decision-making, and mission advancement. Using results of two recent surveys conducted by the Nonprofit Risk Management Center (NRMC), a 501(c)(3) nonprofit committed to enhancing risk management capabilities across the nonprofit sector, this publication offers insight into:
- How nonprofit teams conceptualize and implement risk management
- How individual nonprofit leaders champion risk management initiatives within their respective organizations
- Recommended baseline standards for risk management practice in any nonprofit organization
- Forecasts for the future of risk management in the nonprofit sector