Governance Factors Affecting Nonprofit Organizations Financial Health
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| Author | : Scott Dell |
| Publisher | : |
| Total Pages | : 109 |
| Release | : 2019 |
| Genre | : Corporate governance |
| ISBN | : |
Nonprofits have a significant impact on the world around us. They provide services for the common good and are having an increasing influence on the economy over time (Bureau of Labor Statistics, 2014; McKeever & Gatty, 2016; National Center for Charitable Statistics, 2018). There is a consensus among prior studies that effective corporate governance positively impacts the success and financial health of for-profit entities, including both internal (e.g., board size, number of independent directors) and external (e.g., institutional ownership and number of analysts following a firm) governance (Chen, Chung, Hsu, & Wu, 2010; Coles, Daniel, & Naveen, 2008; Eisenberg, Sundgren, & Wells, 1998; Guest, 2009; Moyer, Chatfield, & Sisneros, 1989). This present research shows that governance factors can also positively influence the success of nonprofits. This study analyzes the impact of internal governance such as board size, the existence of written policies, and presence of an outside audit, as well as external governance factors such as community religiosity and social capital, on a nonprofit organization's financial health. A nonprofit organization with stronger governance levels can expect to have better oversight, as the organization would garner additional attention by community professionals and other interested parties committed to making sure the organization puts its best foot forward in serving the community. Thus, I expect to find and provide evidence that these factors positively influence a nonprofit organization's financial health.
| Author | : John Zietlow |
| Publisher | : John Wiley & Sons |
| Total Pages | : 773 |
| Release | : 2018-04-10 |
| Genre | : Business & Economics |
| ISBN | : 1119382564 |
Essential tools and guidance for effective nonprofit financial management Financial Management for Nonprofit Organizations provides students, professionals, and board members with a comprehensive reference for the field. Identifying key objectives and exploring current practices, this book offers practical guidance on all major aspects of nonprofit financial management. As nonprofit organizations fall under ever-increasing scrutiny and accountability, this book provides the essential knowledge and tools professional need to maintain a strong financial management system while serving the organization’s stated mission. Financial management, cash flow, and financial sustainability are perennial issues, and this book highlights the concepts, skills, and tools that help organizations address those issues. Clear guidance on analytics, reporting, investing, risk management, and more comprise a singular reference that nonprofit finance and accounting professionals and board members should keep within arm’s reach. Updated to reflect the post-recession reality and outlook for nonprofits, this new edition includes new examples, expanded tax-exempt financing material, and recession analysis that informs strategy going forward. Articulate the proper primary financial objective, target liquidity, and how it ensures financial health and sustainability Understand nonprofit financial practices, processes, and objectives Manage your organization’s resources in the context of its mission Delve into smart investing and risk management best practices Manage liquidity, reporting, cash and operating budgets, debt and other liabilities, IP, legal risk, internal controls and more Craft appropriate financial policies Although the U.S. economy has recovered, recovery has not addressed the systemic and perpetual funding challenges nonprofits face year after year. Despite positive indicators, many organizations remain hampered by pursuit of the wrong primary financial objective, insufficient funding and a lack of investment in long-term sustainability; in this climate, financial managers must stay up-to-date with the latest tools, practices, and regulations in order to serve their organization’s interests. Financial Management for Nonprofit Organizations provides clear, in-depth reference and strategy for navigating the expanding financial management function.
| Author | : Emmanuel Jean Francois, PhD |
| Publisher | : Springer Publishing Company |
| Total Pages | : 382 |
| Release | : 2014-09-08 |
| Genre | : Business & Economics |
| ISBN | : 0826129862 |
Nonprofit organizations face fierce competition for funding, especially during times of financial crisis. In order to effectively further their goals and make a long-term impact in the communities they serve, these organizations must remain financially viable and sustainable. This book equips students training to become better nonprofit leaders with the information and conceptual frameworks needed to ensure their organizations are financially sustainable. Using practical tips and illustrative case examples, it guides the reader to an understanding of the structures and processes of nonprofit organizations, and includes detailed coverage of financial analysis, budget management, cash flow, financial accountability and reporting, investing, fundraising, and organizational growth. This book is ideal for students, faculty, and practitioners in social service administration, human service leadership, public and community health, public administration, organization management, and health care administration and management.
| Author | : Zahirul Hoque |
| Publisher | : Routledge |
| Total Pages | : 463 |
| Release | : 2014-10-10 |
| Genre | : Business & Economics |
| ISBN | : 1317658426 |
With increased competition for external funding, technological advancement, and public expectations for transparency, not-for-profit and non-governmental organizations are facing new challenges and pressures. While research has explored the roles of accounting, accountability, and performance management in nonprofit organizations, we still lack evidence on the best practices these organizations implement in the areas of accountability and performance management. This book collects and presents that evidence for the first time, offering insights to help nonprofits face these new challenges head-on. Performance Management in Nonprofit Organizations focuses on both conventional and contemporary issues facing nonprofits, presenting evidence-based insights from leading scholars in the field. Chapters examine the design, implementation, and working of accounting, accountability, governance, and performance management measures, providing both retrospective and contemporary views, as well as critical commentaries on accounting and performance related issues in nonprofit organizations The book's contributors also offer critical commentaries on the changing role of accounting and performance management in this sector. This research-based collection is an interesting and useful read for academics, practitioners, students, and consultants in nonprofit organizations, and is highly accessible to accounting and non-accounting audiences alike.
| Author | : Inigo Garcia-Rodriguez |
| Publisher | : Routledge |
| Total Pages | : 164 |
| Release | : 2020-01-23 |
| Genre | : Business & Economics |
| ISBN | : 0429560435 |
The financial issues of nonprofit organizations (NPOs) have increased their importance in recent years, especially after the last global economic downturn. In this way, NPOs have been threatened by a reduction of income, while their work and expenses have not decreased. In this book, the editors bring together several topics that the academic literature has previously addressed, connecting them to each other and evaluating how all these issues are interrelated. Financing Nonprofit Organizations analyses the state of art of all these financial topics and the consequences of the last economic crisis. It dives into the interrelations of these concepts to suggest lines of future research and to reflect on the future of the different sources of funding of the NPOs. It will be of interest to students, practitioners, and researchers interested in initiating and updating their knowledge in the growing field of the financial aspects of the NPOs.
| Author | : Bruce R. Hopkins |
| Publisher | : John Wiley & Sons |
| Total Pages | : 288 |
| Release | : 2009-04-22 |
| Genre | : Business & Economics |
| ISBN | : 0470486198 |
Nonprofit Governance Law, Practices & Trends Governance seems to be the subject that is perched atop every nonprofit lawyer's worry/wish list, despite the fact that there is not much law on the point, particularly at the federal level. This ascension in importance is largely due to the various organizations propounding best practices and principles for public charities and other forms of nonprofit organizations, the IRS's redesigned Form 990, the agency's aggressive push of certain good governance principles in the tax-exempt organizations' setting, and scandals brought to light by the Senate Finance Committee staff. Stemming from the authors' endless hours of meditating over the new Form 990 and sifting through the many (and often inconsistent) best practices principles, Nonprofit Governance fills the need for some cohesion in the realm of nonprofit governance by providing in-depth coverage and explanations of the laws, practices, and trends in this volatile area. An invaluable resource for nonprofit executives, officers, directors, nonprofit lawyers, accountants, members of boards of directors, and consultants, legal experts Bruce R. Hopkins and Virginia Gross's Nonprofit Governance brims with detailed documentation and references to regulations, rulings, cases, and tax literature (which includes current articles and tax law review notes). Here, readers will find a wealth of clarifying information on: Federal and state law fundamentals Board member responsibilities and liability Nonprofit governance principles Nonprofit governance issues Application of the private benefit doctrine Governance and the redesigned Form 990 Recommended polices and procedures Governance case studies Governance legal audit A law primer for nonprofit board members And much more The book includes an exhaustive index, Internal Revenue Code citations and numerous case studies, tips, forms, and checklists to round out the authoritative coverage. Nonprofit Governance is an indispensable guide to, and through, all of the governance policymaking that is unfolding, to improve the management of nonprofit organizations as well as to help organizations be in compliance with nonprofit governance law.
| Author | : Roger Matloff |
| Publisher | : John Wiley & Sons |
| Total Pages | : 208 |
| Release | : 2013-02-05 |
| Genre | : Business & Economics |
| ISBN | : 1118331974 |
Solid guidance for managers and trustees to better position their nonprofits now and in the future The Great Recession has left a paradigm shift for nonprofit leadership and their board members as fiduciaries. It has changed how boards make, evaluate and document investment decisions, the risks they are willing to take and the way these details are communicated to donors. Nonprofit Investment and Development Solutions + Website will provide solid guidance for nonprofit leadership, staff and volunteers to better position their nonprofits to thrive now and in the future. This guide will provide: Sophisticated investment and development principles that are easily understandable and adaptable Specific steps to take in order to avoid unnecessary investment risk and secure financial stability Solutions and techniques for capitalizing on opportunities created by funding shifts and evolving donor expectations Principles and practices of fiduciary responsibility, behavioral finance, socially responsible investing, strategic development planning and charity efficiency In addition, Nonprofit Investment and Development Solutions + Website offers a web site resource with a variety of online tools and templates to help readers implement key concepts discussed in this book.
| Author | : ABA Coordinating Committee on Nonprofit Governance |
| Publisher | : American Bar Association |
| Total Pages | : 66 |
| Release | : 2005 |
| Genre | : Business & Economics |
| ISBN | : 9781590315675 |
Written for directors of nonprofit organizations and practitioners, this guidebook provides a complete overview of the major reforms enacted or triggered by the Sarbanes-Oxley Act, including governance reforms promulgated by the SEC and the Stock Exchanges.
| Author | : Dennis D. Pointer |
| Publisher | : John Wiley & Sons |
| Total Pages | : 210 |
| Release | : 2002-08-29 |
| Genre | : Business & Economics |
| ISBN | : 0787965219 |
While boards acknowledge they bear ultimate responsibility and accountability for their organizations' affairs, governance quality is often far from optimal. The High- Performance Board offers pragmatic and candid advice about what your board must do to maximize performance and contributions. The authors provide sixty-four principles designed to help your board achieve peak performance. They describe every principle in detail and present best practices and practical applications for each one. Each section of the book concludes with a board check-up-a set of questions that can be used to assess your board in light of the principles. A quick read for busy board members, this book is the ultimate board "drivers' manual."
| Author | : Dennis R. Young |
| Publisher | : Rowman Altamira |
| Total Pages | : 460 |
| Release | : 2007 |
| Genre | : Business & Economics |
| ISBN | : 9780759109896 |
Nonprofits often struggle financially, overwhelmed by the need to muster a complex combination of income streams that range from grants and government funding to gifts-in-kind and volunteer labor. Financing Nonprofits draws upon a growing body of scholarship on the economics and organizational theory of nonprofit organizations to offer a set of practically applicable principles that can guide nonprofits towards firmer financial ground. Organized under the auspices of the National Center on Nonprofit Enterprise, Financing Nonprofits is both an invaluable resource to nonprofit leaders and an ideal classroom resource for students of nonprofit finance.
