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
Today is the last installment of the4 steps you can take to recruiting and retaining the right board members for your nonprofit organization’s (NPO) board of directors. We will discuss Step 4- Managing your board. Managing and maintaining a good, strong functioning board can be challenging. When you have taken the previously stated 3 steps, it is then time to monitor the efforts that you have already put in place. To manage and monitor the efforts you have put in place, the following steps are helpful: Read More
Training your board, with the Executive Director, is a critical step to ensuring knowledgeable, beneficial and engaged board members; in essence… a good board. Training should include the following, but may include other topics as determined by your board’s and organization’s needs. You can watch a short video on Board Training HERE. Read More
Step 2 -Plan for the success and sustainability of your organization.
After you have assessed your organization’s and your board’s status and needs, which was discussed in the last blog post titled ‘Recruit and Retain a Strong Nonprofit Board of Directors in 2014 – Step 1’, it is important to plan for your organization’s success and sustainability. It is important to first determine what type of planning has your organization engaged in at this point in time? Are you in need of some sort of formal planning? Has your organization participated in any level of strategic planning? The status and needs of your organization will help determine what level of formal planning you should complete. Read More