
Healthcare Articles
Expense Trimming Without Compromising Fraud Prevention
Posted by Jill Johnson on July 08, 2025
Nonprofits facing budget cuts must be careful not to compromise essential safeguards like internal controls and cybersecurity, as doing so can increase the risk of fraud. Strengthening oversight, maintaining separation of duties, and investing in basic training and secure technology can help protect the organization without significantly raising costs.
The Impact of Accounting Errors on Nonprofit Organizations
Posted by Jenna Sheehan on July 02, 2025
Accounting errors can significantly disrupt nonprofit operations by leading to financial misstatements, compliance issues, and loss of donor trust. These mistakes can also increase administrative costs, hinder strategic planning, and expose weaknesses in internal controls, ultimately threatening the organization’s mission and sustainability.
Recommendations for More Dynamic Board Meetings
Posted by on June 11, 2025
To enhance the efficiency and effectiveness of nonprofit board meetings, several strategies are recommended. These include planning actionable agendas, providing adequate resources, prioritizing key issues, and more to optimize the time and energy of both leadership and board members.
How Nonprofits Can Manage Revenue Sources
Posted by Amina Diallo on June 04, 2025
Nonprofits can effectively manage their revenue sources by diversifying their funding streams and implementing strategic financial planning. This approach helps ensure financial stability and sustainability, allowing organizations to better achieve their missions and serve their communities.
Proactive Steps to Navigate Nonprofit Leadership Changes
Posted by Robert Torella on May 28, 2025
Nonprofit organizations can navigate the sudden departure of an Executive Director by following essential steps to ensure a smooth transition and maintain their mission's success.
Nonprofits Should be Proactive When Hiring an Investment Advisor
Posted by Jill Johnson on May 21, 2025
Investment fraud has become a significant threat to nonprofits, with criminals posing as legitimate advisors to gain control of assets. Nonprofits should be cautious of unrealistic promises and ensure their advisors are transparent, accessible, and subject to outside audits. Seeking referrals from trusted sources and closely monitoring the advisor's decisions can help protect the organization's financial health and reputation.
Corporate Sponsorship and UBIT for Nonprofit Organizations
Posted by Cathleen Karpik on May 14, 2025
Unrelated Business Income Tax (UBIT) is a tax imposed on income generated by nonprofit organizations from activities that are unrelated to their primary mission. Qualified sponsorship payments are not subject to UBIT, but if a sponsor receives substantial return benefits beyond acknowledgments, such as advertising, UBIT may apply.
Is Crowdfunding a Fundraising Option for Your Nonprofit
Posted by Jenna Sheehan on May 07, 2025
Crowdfunding platforms nonprofit organizations to raise money and engage potential supporters, especially younger adults. Tax implications of crowdfunding can be complex and different from traditional fundraising methods. Crowdfunding websites or their payment processors may be required to report distributions of funds by filing IRS Form 1099-K, and the reporting threshold has been significantly lowered over the years.
Enhancing Efficiency with AI and Automation in Nonprofits
Posted by Jill Johnson on April 30, 2025
Nonprofits can significantly improve their operations by leveraging AI and automation. These technologies help reduce human errors, free up time for mission-oriented work, and streamline essential tasks like fundraising, marketing, and reporting.
Enhancing Governance with Effective Board Policies
Posted by Robert Torella on April 16, 2025
A nonprofit board governance policy provides a framework for decision-making that aligns with the organization's mission. It outlines directors' fiduciary responsibilities, including the duty of care and loyalty, and emphasizes the importance of professional support and compliance with governing documents.