Whether your nonprofit’s program budget will be smaller or larger in 2025, it’s smart to keep program spending in check. Review your nonprofit’s offerings and data for laggards and unmet needs. Here’s how.
To spot financial distress early, it sometimes pays to look at more than just a company’s financials. Here are some red flags to watch for.
Is a contingent loss remote, probable or reasonably possible? The answer determines whether to disclose it in the footnotes and accrue a liability on the balance sheet.
Is your nonprofit ready for giving season? More charitable givers donate in December than any other month. Here’s how to increase visibility and ensure tech glitches don’t undermine your fundraising efforts.
Construction business owners: Is your company safe from cyberattacks? The risk is ever-present, but there are ways to fortify your defenses.
Even small nonprofits can benefit from having a formal code of ethics. This policy can complement your mission statement and act as a decision-making guide for staffers.
Turn your income statement from a historical snapshot of financial performance into a valuable management tool.
Business owners: If your company is struggling with liquidity, it may be headed for trouble. Let’s discuss the critical concept of working capital management.
Is your nonprofit getting squeezed by rising rents? You might think about sharing space with another charity or other organization. We look at several options that could help you save money.
Your nonprofit is allowed to appoint some nonindependent board members. But the majority should meet the IRS’s four-part definition of “independent.” Otherwise, your governance may be scrutinized.
It’s been an especially difficult year for victims of natural disasters, including those affected by Hurricane Milton and Hurricane Helene. Taking advantage of the casualty loss deduction can help ease the financial pain.
Ever wonder why the accounting rules are so complicated and ever-changing? As the markets evolve and new challenges arise, the rules of the game may need to be revised.