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RECENT INSIGHTS:
Managing Programmatic Risk in Nonprofit Organizations: Key Considerations for Success
Nonprofits face specific risks that can impede their ability to succeed. Among these are programmatic risks—issues that arise when program outcomes are not met, service quality falls short, or demand for services changes unpredictably. Let’s dive into the essential programmatic risks nonprofits face and strategies to address them.
Accounts Receivable in Construction: Cash Flow at Risk Amid Payment Delays
This year alone, payment delays in the construction industry have added an estimated $280 billion to costs, forcing many companies to rely on personal savings, credit cards, or retirement funds to keep operations running. Implementing an effective accounts receivable (AR) strategy can help construction businesses improve collections, stabilize cash flow, and reduce the financial strain caused by delayed payments.
How the Real Property Investment Grant Supports Business Growth
The Virginia Enterprise Zone (VEZ) Program provides businesses with exceptional opportunities to invest in property development and rehabilitation while benefiting from state government incentives. Learn more about this program and if you are eligible.
Managing Reputational Risk: Essential Guidance for Nonprofit Organizations
For nonprofit organizations, reputation is as crucial as funding. Without a solid reputation, gaining donor trust, community support, and volunteer enthusiasm becomes a challenge. Reputational risk can undermine years of dedicated work toward your mission. Explore how nonprofits can manage and prevent reputational risks related to negative publicity, crisis management, and fulfilling mission goals.
Fraud Prevention for Native Hawaiian Organizations (NHO): Unique Challenges and Strategies
Native Hawaiian Organizations (NHOs) have a unique place in the 8(a) Business Development Program, with a mission to foster economic development while promoting and preserving the rich cultural heritage of Native Hawaiians. For those involved with NHOs, understanding and mitigating these risks is crucial to protecting both the financial health and cultural mission of these organizations.
Navigating Technology and Data Risks in Nonprofit Organizations
In today’s digital age, nonprofit organizations face increasing risks associated with technology and data management. From cybersecurity threats to outdated IT infrastructure, these risks can jeopardize not only the privacy of sensitive client information but also the trust of donors, volunteers, and the broader community. Learn how to mitigate those risks.
