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![Optimizing the Use of Restricted Funds Through an Annual Inventory and Assessment [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1709989723330-4KD833WA30M13UVR1A11/savings-2789112_1920.jpg)
Optimizing the Use of Restricted Funds Through an Annual Inventory and Assessment [SUBSCRIBERS-ONLY]
Nonprofit organizations can receive restricted funds unexpectedly or they can appear after many years of acquisition efforts. They can be fresh (just arrived) or mature (been sitting around for years). Spending patterns for restricted funds is also constantly changing. Consequently, it is important to periodically pause and take an “inventory” of restricted funds in order to assess the timing and future use of this valuable resource.

Periodically Check Key Performance Indicators (KPIs) to Keep Them Relevant
Nonprofit organizations are doing a better job at embracing change, evolving programs, and adapting operations in response to changing conditions. However, many nonprofits are not updating their assessment tools at the same pace as they are implementing change. Organizations generally use key performance indicators (KPIs) to assess performance and monitor progress, but too often they fail to check whether these assessment tools are still relevant and meeting the needs of the Board and management.
![Matching Gifts Bring Financial Opportunities and Planning Challenges [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1709990464828-JTVQPPGRK03F7M2HZEWH/drop-545377_1920.jpg)
Matching Gifts Bring Financial Opportunities and Planning Challenges [SUBSCRIBERS-ONLY]
New significant contributions with matching gift components can be a game-changer for nonprofit organizations. However, do not let a potential financial windfall cloud your judgment and decision-making. A matching gift that is not completely understood and optimized will lead to missed opportunities and even to possible negative consequences.
![Supercharge Your Nominations Committee [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1709990601713-3UAX2OFJJ05F58CMJ20U/pexels-google-deepmind-17485632.jpg)
Supercharge Your Nominations Committee [SUBSCRIBERS-ONLY]
The typical nonprofit organization nominations committee is active for only a short period of time with a single objective: to assemble a list of recommendations for nominees to replace open and expiring officer and director positions. We need to break out of this mode and supercharge our nominations committees by having them meet throughout the fiscal year and broaden and reprioritize their service objectives.

Reporting the Total Number of Volunteers on the Form 990
Nonprofits have only a few touchpoints where a lasting impression can be made in the blink of an eye. These opportunities must be given careful thought so they can be optimized and leveraged before they disappear. The total number of volunteers reported on Page 1, Line 6 of the Form 990 is one of those key touchpoints that most organizations take for granted.

Key Takeaways from the 2021 ASAE Annual Meeting
My expectations and experiences from the virtual 2021 ASAE Annual Meeting were different from last year because I thought for sure we would be meeting in-person this year, which, of course, turned out not to be the case. This simple statement was confirmation that the world around us has changed for the long term. Three observations hit home that made a deep impression related to nonprofit organization management practices: listen with purpose, stop using outdated contract templates, and take a fresh look at policies.
![Nonprofits Should Stress Test Funding on a Regular Basis [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1709039967092-YB0T6IZRJG0SL2GJJBHW/bridge-4562163_1920.jpg)
Nonprofits Should Stress Test Funding on a Regular Basis [SUBSCRIBERS-ONLY]
Stress testing a nonprofit organization’s funding seems like a frightening proposition, conjuring images of doom and gloom. This is not the case at all. Regular stress testing of funding will enhance strategic planning, raise awareness of changing conditions, and stimulate an earlier call to action. All funding sources, both strong and weak, will benefit from these regular efforts.
![Enterprise Resource Planning Should be About Mission, Not Just Systems [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1709991005676-UP6TOM3ZO6RDLPOK538Q/chris-liverani-dBI_My696Rk-unsplash.jpg)
Enterprise Resource Planning Should be About Mission, Not Just Systems [SUBSCRIBERS-ONLY]
Enterprise Resource Planning (ERP) is a hot topic in the field of nonprofit operations. Business systems need to run at maximum efficiency. We also need robust system integration to help nonprofit organizations to adapt to rapidly changing economic conditions (funding) and demand for services (programs and activities). However, ERP focus is too often centered on business systems by themselves when attention should be focused on mission and purpose.
![Using Insurance Brokers as Trusted Business Advisors [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1709991714521-ZZ0NEYYWWOL4FQPQQ1ZD/mario-gogh-Yz9rpx3kiE8-unsplash.jpg)
Using Insurance Brokers as Trusted Business Advisors [SUBSCRIBERS-ONLY]
Insurance brokers have unique perspectives to share and should be included on your nonprofit organization’s team of trusted business advisors (“TBAs”). Insurance brokers are an organization’s first point of contact in the selection and purchase of insurance policies, and serve as an intermediary to the insurance carriers when questions, claims, and other risk management considerations arise. This experience makes your insurance broker an important resource in many aspects of risk management.

Creating a Culture of Projections: Actively Engaging Staff in the Financial Planning Process
Creating a culture of interactive, financial projection-based planning must be a primary practice within a nonprofit organization. To effectively achieve this goal, organizations need more than standard historical trend analysis derived from monthly financial statements and financial dashboards. These reports are necessary and important but should be considered as the starting point. Staff and management must be actively engaged in the planning process to create a “culture of projections” in which interactive questioning, rolling forecasts, and forward thinking can thrive.
![Investment Committees Should Be About Stewardship and Not Just Market Performance [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1707310888522-NFQ57145HZGI112G3R9W/jametlene-reskp-3Dtu6_XfqIk-unsplash.jpg)
Investment Committees Should Be About Stewardship and Not Just Market Performance [SUBSCRIBERS-ONLY]
Investment committees are often judged by how well the investment portfolio performed as compared to the market. However, investment committee responsibilities are much broader than just monitoring market performance. Nonprofit organizations will be better off if they design and focus investment committee protocols, policies and working rules around the primary role of stewardship of the organization’s long-term investment assets.

Aim for Transition Rather than Recovery
Nonprofit organizations are getting used to operating in a different world. Uncertainty, disruption, and volatility are now widely expected. Legacy planning systems and static governance tactics are a thing of the past. As we plan going forward, nonprofit leaders need to adopt a “Transition Planning” mindset instead of aiming for “Recovery” goals. There is no going back to 2019. To successfully navigate this new world, we need to bring on our “Transition Planning Swagger.”
![Empathy and Social Purpose Have a Special Place in Financial Decision-Making [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1709991964917-EVO5I5G3KHR0UM4U8LNQ/pexels-pixabay-113737.jpg)
Empathy and Social Purpose Have a Special Place in Financial Decision-Making [SUBSCRIBERS-ONLY]
Should nonprofit organizations make room for social justice, empathy, and compassion in the workplace? The answer is an absolute yes. Can financial decision-making benefit from a workplace culture that includes “social purposing”? Again, the answer is yes if you can link operational planning and allocation of financial resources with a broader set of perspectives that can surface from active “job purposing.”

Returning to the Office is More than Just an HR Challenge
Returning to an in-office working environment is more complicated than many might expect. When the pandemic started, nonprofit organizations pivoted to remote working in a matter of days, driven mostly by mandatory restrictions over which we had no control. Returning to the office is not nearly so clear-cut. This time around we control the process, so we need to be extra thoughtful with our approach and inclusive with our actions.
![Apply Phase-In Strategies to Triumph Over Uncertainty and Gain Acceptance [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1709992075888-Y00VREJ5F6ZMAO68BSKH/glen-carrie-tF0PZC1MFqE-unsplash.jpg)
Apply Phase-In Strategies to Triumph Over Uncertainty and Gain Acceptance [SUBSCRIBERS-ONLY]
There has been and will continue to be a lot of uncertainty in the world, most of which is outside of our control. For example, economic, safety, and health factors have been key sources of uncertainty recently, followed closely by people’s comfort levels, trust, and confidence. Applying a phase-in strategy when implementing new changes during periods of high uncertainty will tilt the success factors in your direction.