Risky Business: Protecting your Organization in a Sea of Risk

Posted by La Salle University on February 1, 2016

Who doesn’t want less of this in their organization?:

Risk
Uncertainty
Vulnerability
Uh Ohs, Oh Nos, Yikes, Oy Veys

Risk Management is the way you reduce exposure and protect your organization and its mission. But you can’t lessen the risks if you’re not even sure where they are.

Risky Business: Protecting your Organization in a Sea of Risk

What is the biggest worry most nonprofits face? Most would say it’s finances. If money is so critical to your mission, why would you neglect it by not having a plan in place to prevent potential losses and manage risk? Risk is all around us. A nonprofit may choose to assume the risk, reduce the risk, eliminate the risk or transfer the risk. But you cannot take any of these actions without the ability to identify, manage and insure against these possible threats that could severely impact your organization’s finances, operations and very existence.

By being informed, you can be proactive in using sound financial policies to exert control over uncertainties and potential exposure. Implementing proven procedures in internal controls, fraud prevention processes, insurance coverage and investment policies is the only way to reduce risk and mitigate exposure, thereby protecting your mission. Even a small staff, faced with limited human and financial resources, can implement policies, such as separation of duties, that can have a huge return in protecting your organization. You will leave with actual documents with procedures you can implement immediately.

When: March 10, 2016, 9:30 am to 12:30 pm
Where: The Philadelphia Foundation, 1234 Market Street Philadelphia

Fee: $69 for Members/$75 for Non-Members

Register now >
http://www.lasallenonprofitcenter.org/courses/financial-management/risky-business-protecting-organization-sea-risk/