Jon-Michael “Jonny” Rosch, CPA

Nonprofit organizations have unique missions and purposes, often dedicated to bettering society. However, even the best-intentioned organizations can face significant compliance and regulatory risks if they’re not proactive in managing their responsibilities. Explore three major areas of compliance risk and strategies to help nonprofits navigate them effectively.

Three major areas where strategic risk commonly arise for nonprofits are the inability to adapt to external shifts, the misalignment of programs with the organization’s mission, and a lack of innovation. Here’s a closer look at each, along with strategies to help nonprofits thrive despite these challenges.

Nonprofits are exposed to legal risks that could have substantial financial and reputational impacts. Recognizing and managing these risks is crucial to maintaining trust with funders, partners, and the communities served. Here’s a look at three common areas of legal risk for nonprofits and how they can be effectively mitigated.

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.

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.

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 From cybersecurity threats to outdated IT infrastructure, these risks can jeopardize not only the privacy of sensitive client information but also the trust of donors, volunteers, and the broader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.

External environmental risks are inevitable, but with proactive planning and adaptability, nonprofits can continue to thrive despite economic downturns, political changes, or natural disasters. Learn how to mitigate these risks and remain resilient in the face of uncertainty.

Learn about the unique set of operational risks that nonprofit organizations face and how they can significantly impact their ability to serve their communities and achieve their mission.

In the nonprofit world, governance and leadership are the cornerstones of organizational success. Learn about some common governance and leadership risks that nonprofits must address to ensure long-term sustainability.

Financial risks are an unavoidable reality for nonprofit organizations, but with strategic planning and a proactive approach, these risks can be managed effectively. Learn how your organization can address these risks head-on to achieve long-term sustainability and make an even greater impact.

Jonny Rosch, Partner and CPA from PBMares, explores how executive benefits can be a powerful retention strategy for nonprofit organizations.

Starting a nonprofit isn’t the only way to make an impact. Four effective alternatives include partnering with an existing organization, using fiscal sponsorship, creating a donor-advised fund (DAF), and establishing a social enterprise. Each option offers unique benefits and provides greater flexibility in achieving philanthropic goals.

Despite popular misconceptions, small and mid-size nonprofits can establish endowments – for as little as $100. Here’s a guide to setting up an endowment for organizations that aren’t sure they can manage it.

Whether your organization is creating or updating its records retention policy, make sure you know how long to keep dozens of different documents, plus learn tips for creating an effective policy.

Exempt organizations may be subject to extra taxes on certain income-generating activities. Many don’t fully understand the rules on unrelated business income, and could be unknowingly putting their organization at risk with the IRS.

Individuals considering starting their own nonprofit may be underestimating the cost and complexity to operate a sustainable organization. There are alternatives, like working with an existing nonprofit, creating a donor-advised fund, and other options.

Document retention policies are a necessary part of nonprofit management, but not everyone knows how to go about file storage. Now that organizations are back in the office, it’s an excellent time to review their document management strategy.

Governor Youngkin’s announcement in May provides an alternative hiring process for individuals with disabilities, part of a larger discussion about inclusive hiring practices. Which state agencies are affected and how can they comply?

Sometimes, a not-for-profit’s investment performance isn’t what it should be. Looking at the Investment Policy Statement and identifying corrections can help to improve fund performance and help to ensure investment returns meet their objectives.

Virginia’s tax credit education scholarship program saw its funding fully restored in the new state budget. The EISTC program allows eligible donors to claim a 65% tax credit against five state taxes.

Investment Policy Statements dictate how a nonprofit’s investment program operates. How is performance measured? Learning how to benchmark and measure success and organize the investment committee helps to ensure investment committee members satisfy their fiduciary duties.

Every not-for-profit manages funds, but not every organization has an established and well-documented Investment Policy Statement. Learn how the investment committee can review the IPS and safeguard against unnecessary investment risk.

Many not-for-profits have had an uphill battle since COVID-19 shut down offices and restricted travel.