Remove Insurance Remove Management Remove Policies
article thumbnail

4 Nonprofit Financial Management Challenges (& Solutions)

Get Fully Funded

When you start a nonprofit, one of the most important things to figure out is how to manage your organizations finances. As your organization expands and evolves, many complexities can arise, making financial management more difficult for your team. Lets get started! Visualize your actual financial data and compare it to your budget.

article thumbnail

GAAP for Nonprofits: How to Reconcile GAAP and Non-GAAP Results

Blackbaud

The quandary that faces every nonprofit management team is how to communicate the difference in GAAP to non-GAAP operating results. So, while bequests, insurance policies and planned gifts are exciting for the organization, those donations won’t be reflected in the GAAP reporting.

Insurance 101
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why You Should Run Your Nonprofit Like a Business

Get Fully Funded

And you need policies, procedures, and processes. Are you managing risk? Even in the early days when the donut shop is struggling financially, appropriate insurance is required. So work with an insurer or an insurance broker to understand the coverage you need to best protect your organization and its liability.

article thumbnail

Lessons From Debby: 5 Things Before Severe Weather Hits

The NonProfit Times

But is flooding covered under a typical commercial insurance policy? Rushing : Flood coverage is not typically included in a commercial insurance policy. Although you might be able to purchase flood insurance from your carrier or add it to your policy, many managers do not.

article thumbnail

7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. Tip 1: If you have an operating reserve, review your policy. Update the policy based on your current and future needs.

article thumbnail

Grants For Health: Partner with the FDA & Manage Your Health

GrantNews

While enforcing these policies to protect our society is the FDA’s responsibility, it is the individual who must take responsibility for their own health. Adopt a health routine that is manageable for you and share. Regular Check-Ups – Regardless of insurance status, research local medical professionals for viable options.

Grant 69
article thumbnail

Health Nonprofits Spending Millions Lobbying

The NonProfit Times

Four nonprofit healthcare organizations were the top spenders when it came to lobbying Congress for healthcare policy changes. In fact, 14 of the 30 on the list spent more than $1 million during the quarter. In fact, 14 of the 30 on the list spent more than $1 million during the quarter. million and $2.7