For the past two years (around the new year) I have published a series of blog articles focused onrecruiting and retaining a great nonprofit Board of Directors. I take readers through 4 steps: Assess, Plan, Train, and Manage. Within these steps are more detailed tasks such as determining who you are as an organization as well as deciding your organization’s needs, engaging in strategic planning, supporting and training your board & staff members and then managing the performance & outcomes of the board as well as your organization. Organizations of all stages of development, from emerging to mature, can benefit from periodically re-assessing these areas.
Today I would like to dig a little deeper. Read More
A better way to compare the stability and success of nonprofit organizations.
I spent some time last week reviewing Common Size Financial Statements. Investopedia defines these statements as “A company financial statement that displays all items as percentages of a common base figure. This type of financial statement allows for easy analysis between companies or between time periods of a company”. Therefore, by using common size financials, one great benefit is that a person can review a company’s financial status in comparison with another company even if those companies are not comparable in other ways. Read More