Risk Assessment and Your Reserve – Focus On Financial Sustainability
Nonprofit leaders often ask “how much should we have in reserve?” While different sources recommend different levels of cash to keep in reserve, there’s no one-size-fits-all reserve goal. The real answer depends on what your organization’s risks are. To address your potential risk events, you need to be able to “see it, size it up”, and decide how to “tame it, avoid it, or at least watch out for it”.
In this session, participants will learn the basics of identifying and assessing organizational risks and how those risks affect your organization’s reserve goal.
Field of study: Business Management