When agreeing to serve on the board of a nonprofit, individuals commit to more than just giving up an hour a month for board meetings. Every director has a responsibility to help manage the affairs of the nonprofit and to help it carry out its purpose. This responsibility isn’t only from wanting to do what’s [...]
Dan Montgomery, CPA, provides this week's session of the Performance Measurement video series on the topic of the Average Board Member Gift.
We provide this week's session of the Performance Measurement video series topic of Percentage of Board Members Giving.
Where to start? It’s true, all organizations, no matter the type, have one thing in common: they must manage their sources of revenue to survive. With government cut-backs and tax reform, it’s important to understand what steps can be taken to continue to seek out new sources and manage the sources you have. Without revenue, [...]
When presenting financial reports to your board or to staff outside of the finance team, do you find a lot of drooping eyelids and confused looks? Unfortunately, many individuals will tune out when financial reports are given because they can’t relate to the information. As a resource for many nonprofit organizations, we at TD&T come [...]
TD&T Tax Manager, Amanda Lane, CPA provides the first in our Performance Measurement Video Series. This week's episode is on the metric: Board Director Composition.
TD&T Assurance Principal, Joe Ryan, CPA provides the first in our Performance Measurement Video Series. This week's episode is on the metric: Days in Cash.
Why Internal Controls are Important A survey conducted by the Association of Certified Fraud Examiners estimates that all organizations lose an average of between five and six percent of their revenue to fraud every year.[i] Applying this percentage to the nonprofit sector would suggest that the fraud loss may reach approximately $40 billion each year.[ii] [...]
“Measure what is measurable and make measurable what is not so.” Galileo “If you can’t measure it, you can’t improve it.” Peter Envision the management team of a local nonprofit sitting down for their monthly meeting. The conversation goes something like this: Executive Director – “How did we do this month? What are the [...]