Chapter 3Risk Mitigation Plan Development & Monitoring
The nonprofit management and capacity-building literature includes case study after case study of why corporate compliance, annual independent audits, and adequate insurance coverage only take a nonprofit organization so far when it comes to risk and sustainability. It prompted us to ask why so few nonprofits focus proactively on risk. For one thing, we found that nonprofit leaders rarely have the inclination or expertise to take on risk work on top of their other responsibilities. The tight budgets and limited bandwidth found in most nonprofit organizations, and the volatile environment in which they operate, called out for a written guide and online tools.
We wrote this book because so ...
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