Amp Up Your Reporting and Prepare for Frequent Asks
Particularly during a nonprofit’s growth periods, its finance team may be asked to generate reports on the health of the organization at any given moment. And, although most manage and prepare reports quarterly, bi-annually, and annually, the preference is to have the ability to provide reports based on current state. How can you be ready …
Transaction Terrors, Payroll Poltergeists, Audit Boogeymen, OH MY!
It’s that time of year again! Ghosts, goblins, and other ghoulous creatures are all making an appearance in search of treats. And, while this is a fun and spooky time of year for people of all ages, it’s also the perfect time to take a step back and think about the real horror. You know, …
Managing Growth in Today’s Nonprofits: 2018 Finance Study
Nonprofit growth can impact several areas of the organization, from funding and operational overhead to technology and risk management. It’s a balancing act, for sure. When we experience change around us, we must be able to adapt quickly, but smartly. How are nonprofits preparing for and handling growth, despite the challenges? In our most recent …
Generating Reports Relevant to Your Nonprofit
As part of your nonprofit’s governance best-of-practice, you likely find yourself faced with the recurring task of compiling reports to deliver to your board of directors and other key stakeholders. Depending on the specific needs of your organization, this reporting may fall into one of the scenarios listed below, based on the frequency of the …
Benefits of Visual Data for Nonprofits
Most of us have heard the saying, “a picture is worth a thousand words.” Now, our graphical visuals are worth more than a thousand words, they’re priceless – and can make or break a nonprofit organization.
Translating financial performance isn’t always easy, but with the right tools, you can turn complex data into a simplified story. …
Taking Your Nonprofit or Association to the Cloud
If your nonprofit or association has been slow to adopt the latest in cloud computing, here are some thoughts on how to best present cloud technology concerns related to security and usability; along with some cloud computing pros and cons.
Security
A chief concern for nonprofit or association management is securely storing the data related to the …
How to Know When Your Nonprofit is Ready for the Cloud
If you’ve been in a professional setting at any point within the last 20 years, you’ve heard about “the cloud.” You don’t even need to be a member of the IT department to have heard about it. Everywhere we turn these days, whether to an app, a technology partner, or our cell phone provider, we’re …
Customer Spotlight: Carolina Family Health Centers, Serving the Underserved
Carolina Family Health Centers, Inc. (CFHC) provides affordable, high-quality health care services in Edgecombe, Nash, and Wilson counties in Eastern North Carolina. Through four centers, it offers a comprehensive scope of medical, dental, pharmaceutical, and behavioral health services to thousands of uninsured, the working poor, and those who are unemployed or underemployed. In order to …
Healthcare Professionals: Are You Effectively Managing Your Programs and Services?
For those of you in healthcare, ensuring the health and well-being of your clients is always at the forefront. A lot of you run programs and services as a means of fulfilling your main goal and, of course, generating revenue. Providing these services is at the core of your mission, after all! However, it can …
Three Ways to Deter Nonprofit Fraud
When I hear about fraud in a nonprofit organization, I first think about why anyone would steal, rob, or deceive an entity or individual fighting for a good cause. Frankly, it’s something we really don’t want to think about or imagine. But, unfortunately, it’s reality.
Here’s what the Financial Dictionary says about the types of financial fraud:
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