Managing Risk In Nonprofit Organizations: A Comprehensive Guide

Like all organizations in today's volatile marketplace, nonprofits are under tremendous pressure to be more accountable for their operations, specifically to funders, donors, clients, and the public at large. Proper risk management can not only help nonprofits create a sound and transparent financial structure, but also exploit new development opportunities that may not otherwise be realized. Managing Risk in Nonprofit Organizations shows managers how to implement sound risk management procedures in every aspect of their organization.

The authors divide their guide into three sections-The Nature and Purposes of Risk Management, Recognizing the Context for Risk Management, and Risk Financing for Nonprofits. A large array of potential risks is covered, including:

• Human resource issues
• Fundraising
• Internet use
• Mergers
• Volunteer management

Senior level managers and executives at nonprofits, board members, and professional risk managers will find Managing Risk in Nonprofit Organizations to be an invaluable guide to this vital topic.

Managing Risk in Nonprofit Organizations explains and defines risk management, especially as it applies to nonprofits. It provides comprehensive guidance on such topics as identifying risk, prioritising risk, selecting appropriate risk management techniques, implementing risk management techniques, monitoring risk management, and financing.
* Includes diagrams of the risk management cycle and dimensions of risk graphic
* The nature of these unique risks and the special challenges facing a nonprofit that embarks on a risk management program will also be addressed.
* Written by two leaders at the Nonprofit Risk Management Center, a management assistance organization that provides informational resources, technical assistance, and training to an estimated 20,000 nonprofits annually