Nonprofit organizations play a very important role in our society. The intent of the nonprofit design is to serve the public by delivering goods and services to communities that various levels of the government can’t or won’t provide to citizens.…
So many advancements have been occurring in the healthcare industry, they've been difficult to keep up with. Medicare introduced a coding system for billing. Advances in technology inspired the introduction of electronic medical records, which have now become standard practice.…
The laws and regulations that govern healthcare are too numerous to list here. A healthcare compliance officer stays informed of all healthcare laws and regulations, and they provide a valuable service to your organization. Healthcare compliance officers work for a…
If you've done a good job of recruiting new board members and succession planning, incoming board members will bring some degree of knowledge about governance practices with them. Regardless of how much board experience a board member has, it's unrealistic…
From the founding days of a nonprofit organization, much planning goes into the organization’s mission statement. It's an important task that nonprofit boards have to tackle before they can do much of anything else because the mission statement stands as…
Of the thousands of industries that have been badly affected by the impact of COVID-19, higher education ranks high on the list. In the interest of safety, colleges and universities the world over have had to make drastic decisions like…
When nonprofit board dynamics are collegial and trusting, you have the perfect climate for robust and productive board discussions. That alone provides sufficient reason for your board to be diligent in its approach to nominating and recruiting the best potential…
The death of George Floyd and other tragedies involving Black Americans issued a wake-up call for most everyone. As it should, it also prompted attention to the lack of diversity in the nonprofit sphere. As the details of these tragedies…
So much gets lost in the translation when communication isn't clear. That's never a good thing when it comes to board communication. Communication is difficult enough when you're speaking face-to-face. Prior to the year 2019, the business world had been…
Nonprofits rely heavily on donations from grantors and donors. It’s common for well-established nonprofit organizations with sound financial backing to invest some portion of the organization’s financial assets in stocks, bonds, or other financial investments to improve the nonprofit’s financial…
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