Well, it’s happened. A regional bank failed and others are struggling. What does it mean for a bank to fail? It means the bank cannot fulfill its obligations to depositors or borrowers. While bank failures are rare, we are again reminded that they do happen. Since the year 2000, over 500 banks have failed, the majority during the great recession of 2008. Why should nonprofit leaders care about this? Many small to Read More
Nonprofit Boards: Ask These 5 Financial Questions
Many, upon joining a nonprofit board, assume the organization is sound financial plan and even financially resilient for the next few years of board tenure (unless we have joined an organization knowing it was distressed). As a board member, you may not know how to assess whether an organization is financially resilient, yet you can see from the outside that the organization is well supported. You might even do more Read More
