Resources

Board composition plays a critical role in a nonprofit’s governance, financial oversight and long-term sustainability. One question many organizations face is whether to have term limits for board members. While term limits aren’t legally required, they can be a sound governance practice. The right approach depends on your organization’s size, structure and strategic goals. You […]

You might be tempted to think that “accountability” is just the latest in a long line of management buzzwords. But if properly embraced, it can transform an organization. When nonprofit leaders consistently own outcomes (whether successes or setbacks), they foster a proactive mindset that anticipates challenges and addresses them head-on. The result? Stronger performance, healthier […]

A strong finance committee plays a critical role in ensuring a nonprofit’s long-term stability and accountability. Beyond simply reviewing numbers, the committee helps guide financial strategy, supports informed board decisions and safeguards the organization’s resources so it can fulfill its mission. By clearly defining responsibilities and maintaining collaboration, your nonprofit can build a finance committee […]

Nonprofit organizations often juggle multiple programs, funding sources and staffing structures, making accurate time tracking essential. Furthermore, federal and state wage and hour laws require certain records be kept, and grantmakers may impose additional reporting standards. With the right processes and tools, nonprofits can meet these requirements while gaining valuable insight into staffing and program costs. […]

With cost-of-living concerns, interest rates and federal funding cuts continuing to be prominent in the headlines, many nonprofit leaders are understandably focused on external economic pressures. Yet some of the most serious threats to an organization’s financial stability don’t come from the broader economy — they originate within the organization itself. Executives and board members […]