Think And Grow Richly

The world has changed since our original Coronavirus blog post on March 7. Many jurisdictions have imposed some level of quarantine requirements. Travel is not recommended. Financial markets have fallen dramatically. Most fundraising events have been cancelled or postponed. No doubt, your concern about the financial stability of your nonprofit have grown. You may face [...] The post Important Financial Relief Available for Nonprofits Dealing with COVID-19 appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/393yOrD via IFTTT

The post Helping readers keep up with provocative nonprofit risk management articles from January 2020 appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/39NcKSQ via IFTTT

If you want your nonprofit to get off to a strong start in 2020, take these three steps this January. Each is designed to provide immediate “little wins” that will enhance your nonprofit’s risk management and resilience in the coming year: 1. Confirm that you have a working Business Continuity Plan.Our research shows that only […] The post Looking to start strong in 2020? Take these three steps for your nonprofit this January appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/3a7TJvr via IFTTT

Whenever someone asks me whether their nonprofit needs risk management, I’m always tempted to respond with a scenario. How about this one. You go to work Monday morning and find that your computers won’t allow access into any of your nonprofit’s data. Everyone else is refused access, too. All you get is a screen that […] The post The case for nonprofit risk management in less than 200 words appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/2QkUiKC via IFTTT

In its simplest but strongest form, nonprofit risk management means making a commitment to identify threats and opportunities throughout the organization, prioritize those negative and positive risks, respond to them, learn from these responses, and then repeat this process as a matter of routine. Nonprofit risk management should not be complex. Simpler is better. Take […] The post What is nonprofit risk management, and how can you begin? appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/2rR0wsg via IFTTT

Are you putting your nonprofit at risk by accepting free professional services? Nonprofits do tremendous good, but they’re always pushed to do more with less. Pro bono services pose real risk management issues. This post explains why – and what to do about it. The post Seven Critical Questions to Ask If Your Nonprofit Accepts Free Professional Services appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/2RFTp0c via IFTTT

“As a leader, you get what you tolerate.” Susan Scott, Fierce Conversations 60 (2004). Nonprofits often hire slowly and fire slowly. Both can hurt the organization. Hiring slowly may allow the best candidates to get away, since in-demand candidates generally don’t stick around. Firing slowly forces an organization to accept under-performance longer than it should. This […] The post You Get What You Tolerate appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/2DZkvqX via IFTTT

The post SPLC Faces Long Road After Toxic Culture Allegations #nonprofitsbehavingbadly appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/2oMIYf5 via IFTTT

The post #nonprofitsbehavingbadly – 3 Lessons from a “Messy” Nonprofit Divorce appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/2pbgNGv via IFTTT

The post #nonprofitsbehavingbadly – Sticking to Its Guns? Learning from the NRA’s Rough Ride appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/2pl3qUt via IFTTT

A critical aspect of nonprofit risk management includes preparing for economic uncertainties. I had the honor of presenting a webinar yesterday for Nonprofit Quarterly on what nonprofits should do now in the face of a potential recession. Here are the slides: NPQ Recession Webinar The post What Nonprofits Should Do Now in the Face of a Potential Recession – PowerPoint from Yesterday’s Nonprofit Quarterly Webinar appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/2nfhq15 via IFTTT

  Welcome to #nonprofitsbehavingbadly, where we find lessons in other nonprofits’ bad press so you can improve your own nonprofit risk management. Keep in mind when you read these posts that the nonprofit in the spotlight may have actually done nothing wrong. That’s part of the point. There’s always a story behind the story, and […] The post #nonprofitsbehavingbadly – Nonprofit Cyber Security Should Not Be a PICNIC appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/2mCP8gy via IFTTT

Nonprofits Need Their Foundational Risk Management Elements – the FRaMEs From training nonprofits around the nation, we know that most nonprofits don’t yet have formal risk management programs. We also know, however, that most nonprofits use at least some forms of risk management every day. In training, we refer to these elements as foundational risk […] The post Nonprofits, Do You Use Your FRaMEs? appeared first on Risk Alternatives . from Risk Alternatives http://bit.ly/2ZOE2nM via IFTTT

Q: What’s the longest economic expansion on record? A: You may be living through it right now — and it might be on its last legs.  Are you ready? The Great Recession may feel like it ended just yesterday. Instead, the economy has expanded every month since June 2009. If the US expansion reaches into July of […] The post Is Your Nonprofit Ready for the Next Recession? appeared first on Risk Alternatives . from Risk Alternatives http://bit.ly/2IKVeFs via IFTTT

Risk Alternatives is pleased to welcome Linda Lenrow Lopez to our team as a Senior Consultant to provide risk management and process improvement expertise. “I have known and respected Linda for decades,” said Ted Bilich, CEO of Risk Alternatives. “She brings a wealth of experience to the table, including serving as the Bechtel Project Risk […] The post Linda Lenrow Lopez Teams With Risk Alternatives appeared first on Risk Alternatives . from Risk Alternatives https://ift.tt/2BWGCh9 via IFTTT

Understanding the aggregate amount of risk associated with organizational performance and operations is the first step in a process to mitigate it. Organizational risk is assessed along a continuum, as there is no universal risk approach for all nonprofits. As a nonprofit leader moving into the world of active risk management, you must consider the aggregate […] from Risk Alternatives https://ift.tt/2OEa0R5 via IFTTT

    This post confronts one of the most persistent myths about nonprofit risk management – one that prevents many nonprofits from learning enough about risk management to use its tools to protect their organizations. The issue? People fear risk management. They worry about it. They avert their eyes. They whistle in the dark.  But […] from Risk Alternatives https://ift.tt/2ResO7Q via IFTTT

  Risk lives in every organization and every aspect of organizational operations. But the risk mix, likelihood of occurrence, and potential impact differ from organization to organization. Thinking about risk necessitates a careful look by department, program, business line and function to identify vulnerabilities. Enterprise risk management (ERM) is the discipline that looks at organizational […] from Risk Alternatives https://ift.tt/2Ds7jh3 via IFTTT

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  If your nonprofit is interested in best practices, one of the first places to turn is the Standards for Excellence Institute. As Director of the Standards for Excellence Institute, Amy Coates Madsen is responsible for coordinating all aspects of the Standards for Excellence and efforts to replicate the standards around the nation. In this […] from Risk Alternatives https://ift.tt/2N9N1NG via IFTTT