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Why Are Nonprofits Experiencing An Insurance Crisis? And What Can the Nonprofit Sector Do About it?

Blue Avocado

If you’re reading this, you probably already know about the problems that nonprofits like yours are facing with their insurance: Rising insurance premiums, poor coverage from commercial insurance carriers, and in some cases, the loss of coverage altogether. Why are insurance rates soaring for nonprofits?

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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.

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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.

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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.

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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.

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How to Improve On-Time Tuition Payments

Blackbaud

However, before a business officer offers flexibility, it’s essential to have rules that define the terms of tuition payment and processing and have school leadership fully support those policies. Having that contract roll from the school’s admissions software into its tuition management system helps eliminate chaos and confusion.

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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.

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