Mary Hiland of Inspired Nonprofit Leadership interviews Maya Tussing to discuss nonprofit risk management, why nonprofits need a reserve, how much is required and other insights. INTRODUCTION Welcome to Inspire Nonprofit Leadership, where you'll hear insights and useful strategies as well as lessons learned from other nonprofit leaders and valuable tips from a variety of experts. Here to help you Read More
Checklist for Surviving a Broken Economy
We asked Brit Summerill, Partner with NOW CFO what lessons CFOs learned from the last recession. Here are a few things organizations need to do to start protecting themselves. Cash Flow Forecasting 13-week projection of the company’s available cash. Operational cost forecasting by week for the quarter—inventory, fixed costs, variable costs, payroll, etc. Establish Break-Even Point What is the minimum revenue Read More
4 Budget Rules for the 21st Century
For organizations managing to a calendar year, January told you how effective you were as a financial forecaster. Did it bring good news or bad? Is it what you expected? Does one month even matter? How organizations develop and use budgets has changed over the past decade and it’s essential that leadership reflect the new thinking toward financial strength. Twelve Month Budgets Are Arbitrary An annual budget is a Read More
Ten Essential Ingredients for a Powerful Form 990
At our last Social Impact Advisory Group round-table discussion held at Thrive Alliance, Karen Hahn of Karen A. Hahn CPA shared her perspective on why the IRS Form 990 matters many to nonprofit stakeholders so nonprofits should take heed. To emphasize that fact, Fairlight Advisors asked Karen to guest blog her Top Ten essentials to completing a powerful Form 990. -------------- Here is a fun fact, the Internal Read More
5 Questions for the Expert: Cash and Cash Management
In previous posts, we’ve discussed how nonprofits should strive to hold enough cash to take advantage of unexpected opportunities or unplanned losses. To hammer home the point, we asked Aron Chazen, CEO of Treasury Curve, for his perspective about cash reserves. Among Treasury Curve's clients are public sector institutions, looking to manage pools of taxpayer money and other public funds to ensure cash is deployed Read More
VIDEO: 3 Reasons You Should Care About Purchasing Power
Like What You've Seen? Sign up with your email address to receive news and updates. We respect your privacy. Talk to the financial experts at Fairlight Advisors to learn more about managing your nonprofit’s investments. Schedule a free consultation today! Talk to the financial experts at Fairlight Advisors to learn more about managing your nonprofit’s investments. Schedule a free consultation today! Talk to Read More
Citywire USA: Women in Wealth: Building Personal Bonds with Clients
