Financial Management

"Operating Reserves":  What are they and why have them?

The "what and why" of having operating reserves are intertwined and fundamental.  In its very simplest conception, an opera

One question I frequently ask nonprofit organizations I speak to is, “What processes are in place for identifying, responding to, and monitoring fraud risks?” Most times, the response describe

The budget process is the way an organization goes about building its budget.

While some organizations view office space as a place to house employees, forward-thinking nonprofits understand office space is a tangible extension of their missions, and a critical tool for mark

Reserves have been a topic long debated amongst management and boards alike. What are reserves? What’s so important about reserves? How much is enough? These are hard questions to answer.

In our article “Confused About Reserves?”, we explored different ways an organization might define its reserves.

Internal Controls for Medium and Large Non-Profits-Part II, which is presented by Shawn Miller of Calibre CPAs, continues the discussion relating to controls that can be implemented to mitigate the

If you’re like most nonprofit leaders, you may have considered or even taken steps towards evaluating financing alternatives for your nonprofit organization.