Financial Management
Our Executive Director is Embezzling
It’s the call no board member wants or expects to get: The organization’s executive director is being investigated for embezzlement.
Attorney Recommends Review Instead of Audit
A nonprofit considered moving away from having an annual audit to having a review, and the board wanted a legal opinion before making a decision.
Seven Ways to Reduce Your Audit Costs
Dennis Walsh, a certified public accountant, shares seven ways nonprofits can reduce the costs around the auditing process.
Focus on the Destination, Not the Route (Budget)!
Jeanne Bell argues it’s time to stop looking at budgets and pay attention instead to projections and financial goals.
Finance Fear Factor Ratios
Watching indicators of financial health like performance-to-budget or reserve size are important, but may not say if you need to worry now.
Volunteer Time Financial Statement Illustrations
Financial notes for the article, “Tracking Volunteer Time to Improve Your Bottom Line: A Complete Accounting Guide,” by Dennis Walsh, CPA.
Tracking Volunteer Time to Boost Your Bottom Line: A Complete Accounting Guide
CPA Dennis Walsh of North Carolina explains why and how to include volunteer time in your nonprofit’s budgets and financials.
Loans From Nonprofit Board Members
Should a nonprofit organization accept a personal loans from a board member? A starting point for a discussion with your board or financial advisor.
What Nonprofits are Saying About the Bailout: A Fast Roundup
A quick roundup of just a few of the most compelling and informative nonprofit commentaries around recent financial developments.
Closing Down the Right Way
Blue Avocado shares steps for how a nonprofit organization can shut down its operations and ride into the sunset gracefully.