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.

Unfortunately, we’ve become too accustomed to reading or hearing news on incidents of fraud in organizations. Hardly a week goes by that something doesn’t appear in the popular press.

Outsourcing is a contract with a third party to perform services which are normally done in-house. These services typically are provided by companies who specialize in the field.

Nonprofits plan every fiscal move with great caution, backed up with thorough analysis.

Creating a policy is like making a decision when you have time to be thoughtful, to do adequate research, and to consult colleagues and other professionals rather than making decisions in haste as

When it comes to banking, there are many types of fraud schemes out there, and new types being engineered every single day.

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.