How Board Members Can Learn to Spot the Red Flags

Here we go again. A few weeks ago Nonprofit Quarterly reported about the fallout from reports by FEGS Health & Human Services in New York of an unexpected $19.4 million loss:  changes in the executive office and cuts to programs and budgets. Like many others in the sector, one of my first reactions is to ask, “Where was the board?”

Is your board on board with financial leadership?

Stephanie Jacobs writes about four concepts board members need to understand to be effective financial leaders.

Balance Sheet? Who cares?

We acknowledge that not every one will love the balance sheet as much as we do. In this post, Stephanie Jacobs suggests moving beyond financial jargon and using the balance sheet as a tool to identify different things nonprofit staff and board members do care about.

Depreciate your way to a healthier nonprofit

Depreciation is seldom given the respect it deserves. For many who are first encountering the term, it is a mysterious financial concept best considered only by CPAs. At Nonprofits Assistance Fund, we hold depreciation among our favorite tools for building reserves and planning for the future stability of an organization.

Do you equip your board for financial strategy?

In this post, Kate Barr stresses the importance of preparing financial reports for you boards, and why they always need to be more than just data and numbers.

Giving the board what they need, when they need it

How does your nonprofit communicate financials to your board? Stephanie Jacobs defines the three modes of board governance, and explains the types of resources and information that makes sense for each mode.

Correlation, causation, and communication

Steve Boland stresses the importance of using financial reports to tell stories, and the impact those stories can have on the mission of your organization.

Creating context: Benchmarks in nonprofits

Setting nonprofit financial benchmarks can tricky, requiring contextual information. In this post, Steve Boland shares some resources available to help determine the appropriate benchmarks for your organization.

Taking our medicine

Kate Barr shares what it means for Nonprofits Assistance Fund to be our own client.

Why board members miss the red flags, part 2

In this post, Kate Barr continues a theme on why board members miss red flags, focusing on underlying issues.