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Reply To: Private: Managing and using cash reserves
I thought I’d take the opportunity to link to an article by Mark Hager, one of the moderators on this site, entitled “should your nonprofit…
Reply To: Private: Managing and using cash reserves
Having both reserves and endowment gives me as the Executive Director/CEO some comfort and freedman to be innovative and timely in responding to needs. For…
Reply To: Private: One time windfall
I know that there are people among the BETA participants who have received a significant one time windfall in the last few years and who…
Reply To: Private: Managing and using cash reserves
YOU ARE A RARE BIRD ORGANIZATIONALLY!!!! You are right Nancy, it is very rare to see an organization with such a strong mix of reserves…
Reply To: Private: Resilience is more complicated than a checklist of steps
Hello fellow Elizabeth and all, Though I actually had a tough time getting through Antifragility (it read like a social entrepreneurship book: here is an…
Reply To: Private: Budgeting for salaries and cost of living
We are working on the approach where the salary increases are taking into account the COLA as well as the geographical area where the employee…
Reply To: Private: Resilience is more complicated than a checklist of steps
Hi all, I too have concerns about the notion of resilience. As prior posts note, it entails recovering/bouncing back to a prior state. A problem…
Reply To: Private: Managing and using cash reserves
We are in the enviable position of having reserves that cover 1o months of operating expenses available in what we call Board designated reserves. It…
Reply To: Private: Benefit Structure Equity
Hi Ruth, When we restructured our benefits structure a while back, it was a big step in the right direction. Prior to instituting a “benefit…
Reply To: Private: One time windfall
Kate: Your story is an example of a provocative statement I make in training sessions. If you want to damage a nonprofit (especially a religious…