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Eight Strategic Mistakes with Memberships
If you have members (whether those members fit the legal definition of member or not), chances are you’re making at least one of these strategic mistakes identified by Ellis Robinson. With striking clarity she points the way not only to bui …
Treasurers of All-Volunteer Organizations: Eight Key Responsibilities
More than half of the nonprofits in the United States are estimated to be all-volunteer organizations. Here is a wonderful, succinct guide for the 600,000 + treasurers of such organizations: My time as treasurer of a faith-based nonprofit was a …
Our Executive Director is Embezzling
It’s the phone call no board member wants or ever expects to get: word that the organization’s executive director is being investigated by the police for embezzlement. In this First Person Nonprofit article, Vernon Waldren, board member of the No …
Attorney Recommends Review Instead of Audit
When one nonprofit considered moving away from having an annual audit to having a review, the board wanted a legal opinion before making a decision. They sought out nationally-recognized nonprofit attorney Tom Silk, who has generously shared his letter …
Seven Ways to Reduce Your Audit Costs
Too many of us think of audit costs as an expense to suffer, not to manage. CPA Dennis Walsh tells us differently: Executive Director Blair Benson of the Mental Health Association in Greensboro, North Carolina, was hoping her audit costs wou …
Focus on the Destination, Not the Route (Budget)!
It’s time to stop looking at budgets, argues Jeanne Bell in this provocative finance column, and pay attention instead to projections and financial goals: In this precarious era, annual budgets have become like new cars: they los …
Finance Fear Factor Ratios
At even the most solid nonprofit organizations some board members and executive directors are beginning to wonder and worry, "Are we okay? Should we be worried?" Watching the traditional indicators of financial health — like performance-to-b …
Volunteer Time Financial Statement Illustrations
These financial statement excerpts illustrate the article, "Tracking Volunteer Time to Improve Your Bottom Line: A Complete Accounting Guide," by Dennis Walsh, CPA. See the full article here.By reporting donated nursing and medical social wor …
Tracking Volunteer Time to Boost Your Bottom Line: A Complete Accounting Guide
This article was updated on November 3, 2011. Tracking volunteer time: sounds like another chore? Actually it can help you meet match requirements, improve your financial statement presentations, and reduce liability. In this article, CPA De …
Loans From Nonprofit Board Members
In many nonprofits, a time comes when the question arises: should the organization accept personal loans from board members? This article does not try to answer that question. It does try to outline — very briefly — some of the choices in …
