Posts Tagged: "management"
March 5, 2019
Skating The Edge Between Risk and Reward at Your NonprofitEvery nonprofit faces risk, but it doesn’t have to be a liability. Learn to take a holistic view of risk and use the unexpected to your advantage. What if your funding was cut by half overnight? It might sound impossible, but given the precarious financial situation most nonprofits face, it’s a very real risk. You…
August 7, 2018
It’s an Open Book: How Nonprofits Can Achieve Financial TransparencyAll charities differ in their missions, but all are alike in one important way—to succeed, they must practice financial transparency and accountability. In fact, Charity Navigator, the nation’s largest and most-utilized evaluator of charities, uses these values as key criteria in rating nonprofits. Charity Navigator defines transparency as “an obligation or willingness by a charity…
June 13, 2018
Adaptive Acquisition Update: A Letter from JMTLike many of you, we too learned yesterday about the acquisition of Adaptive Insights Inc. by Workday Inc. Here at JMT, an event such as this is a reminder of the fluidity of the fast-paced world we live in today and of the importance for us to remain focused on JMT’s mission, to do all…
May 21, 2018
7 Steps to Nonprofit Risk ManagementNonprofits face risk on all sides. In a March 2016 report, Oliver Wyman and SeaChange Capital Partners list some of the difficult conditions under which nonprofits must operate. Among these are: Tackling society’s hardest problems Limited funding Increasing costs for services Recruiting and retention Ever-changing operating environment These experts conclude, “It is no surprise that…
May 14, 2018
A Nonprofit’s Guide to Government ComplianceCompliance is a hefty responsibility for nonprofit organizations; indeed, more so than for-profit companies. As the firm Harbor Compliance points out, there’s a good reason for that—nonprofits are exempt from federal corporate taxes and can receive public funding. Both the IRS and states have requirements for nonprofits. The penalties for noncompliance can be severe. A…
