How Board Members Can Learn to Spot Red Flags

FROM THE ARCHIVES:
As we head into a time of uncertainty in terms of policies and funding streams, the wise nonprofit executive will be planning a session to help their board members understand the organization’s business model and warning signs of trouble ahead.

The Worst Financial Decision Ever

This week for What A Tool! Tuesday, Kate Barr discusses the one financial choice your nonprofit can make that’s likeliest to lead to utter ruin: failing to settle up payroll taxes.

An Executive Director’s Guide to Financial Leadership

AN NPQ CLASSIC:
There is a world of difference between financial management and financial leadership, and refocusing your approach from fiscal management to fiscal sustainability gets you there. Outlined in this expert guide are such essential steps as: transforming your annual budget analysis; deciding whether or not income diversification is the way to go; achieving a robust reserve; and equipping your board for effective financial governance.

An Executive Director’s Guide to Financial Leadership

AN NPQ CLASSIC:
There is a world of difference between financial management and financial leadership, and refocusing your approach from fiscal management to fiscal sustainability gets you there. Outlined in this expert guide are such essential steps as: transforming your annual budget analysis; deciding whether or not income diversification is the way to go; achieving a robust reserve; and equipping your board for effective financial governance.

What the Government Shutdown in Minnesota Means for Nonprofits and Communities

NPQ’s Ruth McCambridge talked with Jon Pratt of the Minnesota Council of Nonprofits and Kate Barr of the Minnesota-based Nonprofit Assistance Fund to get a sense of what a Minnesota state government shutdown would mean for nonprofits and what the two organizations are doing to prepare groups for what is expected to be weeks of life in limbo. Our conversation begins with the judge’s decision, and quickly moves to take on the larger issue of the impact of this shutdown on nonprofits – guidance for nonprofits in the state, special loan funds to bridge the shutdown, and the role of the media during the run-up to the shutdown.

Op-Ed: Budget Maneuvers Take Toll on Charter School Finances

Charter schools have become a robust – if somewhat controversial – mechanism for experimenting with new and promising approaches to K-12 education, but a relatively new budget technique of deferring, or holding back, current aid has made funding charter schools in Minnesota more difficult.

Improving Nonprofit Decision Making amid Economic Crisis

When the finance committee chair of Youth Horizons Inc. announced that in just weeks the organization wouldn’t have enough cash to meet payroll and didn’t know when the cash situation would improve, members of the board of directors were speechless. After two years of deficits, the cash reserve had been spent and the finance committee had run out of options. Soon board members jumped in with questions: What happened to all the grant applications that had been submitted? Wasn’t there a fundraising event planned? How could this have happened, and what should the board do now?