Financial Management

Nonprofits, like every other type of institution, have been forced to weather a variety of challenges—some dire—during the economic downturn.

Nonprofits spend a lot of time and energy reviewing financial data.

The Nonprofit Operating Reserves Initiative Workgroup (NORI) first began meeting in 2007 to address the alarming

In an increasingly competitive nonprofit world vying for fewer resources, an organization’s survival and sustainability is largely dependent on its capacity for short and long-term strategic financ

You know the scam; someone in a foreign country has inherited a large sum of money and needs your help to get the money delivered to them.

Technology has dramatically changed how we all work, play, and use our mobile phones, computers, and i-Pads.  So, it should come as no surprise that fraudsters are using this same technology t

Statement of Financial Activities

It used to be called the income statement, and many nonprofit organizations produce a variety of versions of this report calling it various names such as b

As board members and managers of nonprofit organizations, we are constantly reminded that we must be good stewards of the public trust, ensuring the resources of our organizations are well protecte

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

It is a prudent financial practice to prepare and operate from a budget. The budget is the annual financial plan for carrying out the strategic plan and mission of the organization.

As church members, we probably do not want to entertain the idea that the people handling the church finances could be dishonest.