finance and financial planning and nonprofit risk management center

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Election Year Risks: Avoid These Campaign Pitfalls

Most nonprofit managers are aware that a charity may not directly campaign for, or against, a candidate for public office. The penalty is severe - loss of tax-exempt status. However, there is often confusion about related activity, and whether it is improper - or permissible - under Internal Revenue Service...

Tags: Candidate, Nonprofit Risk Management Center, Nonprofits, Taxes, Free Trade, Regulations, Strategy, Financial Planning, Finance, Government, Management

White papers 2008-01-01

What's The Board Got To Do With It?: The Vital Link Between Good Governance And Risk Management

If a Risk Management Committee does not currently exist, determine whether there is an existing committee that could be re-purposed or broadened to take on risk management issues, or whether it makes more sense to create a separate committee for this purpose. The legal structure and operation of a nonprofit...

Tags: Board, Risk Management, Nonprofit, Nonprofit Risk Management Center, Financial Planning, Corporate Governance, Financial Services, Strategy, Security, Finance, Business Operations, Corporate Law, Management

White papers 2008-01-01

Calculated Risk: Good Surprise, Bad Surprise: The Law Of Unintended Consequences

One definition of risk management is that it is a discipline for dealing with uncertainty. Managing risk is like an elaborate chess game. Who can foresee the end game? The person who is living life is the one who approaches each situation without determining in advance whether it is good...

Tags: Surprise, Nonprofit Risk Management Center, Games, Corporate Governance, Financial Planning, Financial Services, Strategy, Personal Technology, Business Operations, Corporate Law, Finance, Management

White papers 2008-01-01

Risk Management Resolutions: Easier Than A Diet; Good For The Health Of Your Nonprofit

This paper offers some simple but important Risk Management Resolutions. The resolutions can be easily adapted to reflect the circumstances and resources of your nonprofit. And best of all, they don't require the equivalent of giving up dessert or enrolling in a spinning class. No single set of risk management...

Tags: Health Care, Risk Management, Nonprofit, Nonprofit Risk Management Center, Financial Planning, Financial Services, Strategy, Security, Finance, Management

White papers 2008-01-01

Strategic Risk Management: Looking At Both Sides Now

Events that change your perception of your nonprofit's tomorrow may happen unexpectedly, and usually very suddenly. They arise from risk - that is, from the possibility that the future may be surprisingly different from what you expect. These surprises may bring bad or good results, generating threats of losses or...

Tags: Loss, Risk Management, Gain, Nonprofit Risk Management Center, Financial Planning, Strategy, Financial Services, Security, Finance, Management

White papers 2008-01-01

Your Special Skills In Managing Risk: Recognizing Conflict, Reaching Consensus

On both the upside and the downside, strategic risk management for a nonprofit requires many skills, much knowledge, and vast experience. For some of these, in some technical areas, you may well need to look outside, beyond yourself and your immediate colleagues. But in looking, do not ignore the most...

Tags: Nonprofit, Nonprofit Risk Management Center, Financial Planning, Strategy, Financial Services, Finance, Management

White papers 2008-01-01

The Audit Committee And Its Expanding Role In Risk Management

This paper describes why corporations need audit committees, who should lead them and serve on them, how to make them more effective, how to initiate and maintain best practices, and how to operate effectively within legal requirements. It includes nine appendices containing - explained in the paper. This paper explicitly...

Tags: Audit, Risk Management, Audit Committee, Nonprofit Risk Management Center, Financial Planning, Strategy, Financial Services, Financial Accounting, Security, Finance, Management

White papers 2008-01-01