article thumbnail

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. Many of these nonprofits have never made a claim.

article thumbnail

The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Accountability is at the heart of nonprofit accounting. Financial reporting is critical for accountability, and financial statements are among the most important reports your nonprofit will create each year. Statement of Activities The statement of activities is the nonprofit equivalent of a for-profit income statement.

Liability 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Lessons from the 2024 Atlantic hurricane season: What philanthropy can do better

Candid

In Sarasota County, it destroyed million-dollar homes on barrier islands, impacting the donors nonprofits and foundations rely on for disaster relief funding. And as a result of repeated storms, insurance companies have been leaving Florida or increasing insurance rates, creating a crisis of underinsurance that Milton will exacerbate.

Insurance 119
article thumbnail

Nonprofits Are Facing New Challenges. Can Insurance Help?

NonProfit PRO

Philadelphia Insurance Companies (PHLY) is proud to partner with NonProfit Pro to provide the 2021 Research report: “Challenges, Opportunities, and Insurance Buying Trends in the Nonprofit Industry 2021.” Download your FREE report to learn about the current challenges and impact of COVID-19 on this sector.

Insurance 105
article thumbnail

Learning from peers to refine your nonprofit funding strategy

Candid

If you work at a nonprofit, you already know the importance of developing a strategy for financial sustainability. based nonprofits. Lets consider the different revenue sources nonprofits typically get their funding from. But where should you start? A useful early step is to look at what peer organizations are doing.

Funding 98
article thumbnail

Nonprofits Are Facing New Challenges. Can Insurance Help?

NonProfit PRO

Philadelphia Insurance Companies (PHLY) is proud to partner with NonProfit Pro to provide the 2021 Research report: “Challenges, Opportunities, and Insurance Buying Trends in the Nonprofit Industry 2021.” Download your FREE report to learn about the current challenges and impact of COVID-19 on this sector.

article thumbnail

Nonprofits Are Facing New Challenges. Can Insurance Help?

NonProfit PRO

Philadelphia Insurance Companies (PHLY) is proud to partner with NonProfit Pro to provide the 2021 Research report: “Challenges, Opportunities, and Insurance Buying Trends in the Nonprofit Industry 2021.” Download your FREE report to learn about the current challenges and impact of COVID-19 on this sector.