Home / Events / Maximizing Operating Reserves: Best Practices for Trade and Professional Associations

1 CPE credit is available for this webinar.

Despite the best of intentions, things don’t always go as planned. That’s why an organization’s reserves, or net assets without donor restrictions, serve as a hedge against economic fluctuations, unexpected expenses, and/or revenue shortfalls. With the financial cushion provided by reserves, your association can maintain operations and continue delivering services to members even during the most challenging of times. Reserves also offer the flexibility to invest in strategic initiatives, capitalize on opportunities for growth, and support long-term projects without compromising financial stability.

Join GRF’s association team for a webinar to learn how your organization can maximize its operating reserves. Attendees will come away with best practices for identifying reserve targets and managing their financial risk. Learn how robust financial reserves enhance the association’s credibility and trustworthiness among members and stakeholders, demonstrating prudent financial management and preparedness for future uncertainties.

Topics:

• Strategic importance of reserves
• Enterprise Risk Management (ERM) helps assess and manage risk
• Benchmarking Reserves and Targeting Reserves using ERM
• Maximizing reserves by diversifying revenue and containing costs
• An association’s perspective on reserves and assessing risk

Additional Program Details

• Learning Objective: To provide attendees with an overview of how to maximize operating revenue.
• Instructional Delivery Methods: Group Internet-based
• Recommended CPE: 1 CPE
• Recommended Fields of Study: Specialized Knowledge
• Prerequisites: None Required
• Advance Preparation: None
• Program Level: Basic
• Course Registration Requirements: None
• Refund Policy: No fee is required to participate in this session.
• Cancellation Policy: In the event that the presentation is cancelled or rescheduled, participants will be contacted immediately with details.
• Complaint Resolution Policy: GRF CPAs & Advisors is committed to our participants’ 100% satisfaction and will make every reasonable effort to resolve complaints as quickly as possible. Please contact kdavis@grfcpa.com with any concerns