KEY FEATURES Engaging original case studies profile a wide variety of issues and obstacles facing all types and sizes of nonprofit organizations today. Theories, cultural competencies, and ethical and legal considerations are integrated throughout the text. A chapter on risk management explores challenges such as theft, vulnerable populations, and workplace accidents. A chapter on international nonprofits adds a dimension that is not always covered in texts. Case questions teach students to think strategically, solve problems, handle conflict, and unpack organizational issues.
Chapter 10: Financial Management
It seems fairly obvious to say that leaders entrusted with the fiscal oversight and leadership of a nonprofit organization should have a basic understanding of nonprofit finance. Equally understandable is the fact that unmanaged or unstable finances are a threat to the success of any organization. What is less obvious to some is the extent to which it is imperative to integrate financial strategy with organizational mission and desired outcomes. Any manager would be happy to say, “We have enough money to pay our bills today.” However, we would suggest that it is equally, if not more, important for those tasked with setting the strategic direction of the organization to also ask, “Are all the resources of the organization being ...