A conversation with Ruth McCambridge & Kate Barr, Executive Director of the Nonprofits Assistance Fund.
Financial Cautionary Tales: How to Prevent Common Financial Breakdowns
The sector is full of stories about how organizations got themselves in a world of financial hurt. Some of these situations are, of course less than perfectly predictable but some are foreseeable because they are so common. One of the most astute financial analysts in the sector joined Ruth McCambridge in an hour long discussion of familiar financial traps, and how best to immunize your organization against financial woes.
Kate Barr, of course, is with the Nonprofit Assistance Fund which has a wealth of information on its site regarding financial management. We encourage you to visit there.
Here are articles we referenced during the webinar:
- “The Four Horsemen of the Financial Apocalypse” by Clara Miller
- “The Executive Director’s Guide to Financial Leadership” by Kate Barr and Jeanne Bell
- “Improving Nonprofit Decision Making Amid Economic Crisis” by Kate Barr
- “Beyond Financial Oversight: Expanding the Board’s Role in the Pursuit of Sustainability” by Jeanne Bell
- “Analyzing the Dynamics of Funding: Reliability and Autonomy” by Jon Pratt
And here are links to all the cases referenced:
- Autopsy on YWCA Shutdown Offers Several Lessons
- Should New York City Opera Board Be Held Accountable?
- Death of the Hull House: A Nonprofit Coroner’s Inquest
- Gloria Wise Boys and Girls Club: Mistakes You Need Not Make
- Community Health Center in Critical Condition
- Two Men Die and Two Nonprofits Teeter
- San Jose Rep Theater Goes Under; Latest Down in Recent Arts Upheavals
- Operating Above Its Financial Skill Level Not Good for This Nonprofit
- Field Museum Board of Directors—Did Conflict Obscure Good Decision Making?
- Another Nonprofit Makes a Big Hairy Mistake on a Building
- After Growth Plan Fails, a YMCA Files for Bankruptcy