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Sample Blog Posts
Enterprise Risk Management in Nonprofit Organizations – 2024 Workshop Takeaways
On February 22-23, 2024, GRF and NC State University’s Enterprise Risk Management Initiative convened over 100 nonprofit executives and board members to discuss enterprise risk management strategies and tactics. Here are some highlights from the event.
Survey Highlights Pace and Complexity of Risks for Nonprofits
Enterprise risk management is becoming more common in the not-for-profit sector, but recent research finds that risk management practices are not keeping pace with the increased complexity of risks for nonprofits.
Enterprise Risk Management Supports Budgeting in Uncertain Times
Both the COVID-19 pandemic and the preceding great recession presented serious challenges for organizations eager to develop an annual budget and stick to it. In fact, many businesses and nonprofits alike found themselves with reduced revenue, additional expenses, and worst yet, no contingency plan. Without a crystal ball, the best any organization can do is…
Board Assessments Help Nonprofits Thrive During Challenging Times
With COVID-19 threatening to remain a significant operational challenge for nonprofit organizations through 2021, it is tempting to put other initiatives on the back burner. It may seem counterintuitive, but now is the ideal time to revisit your Board of Directors (Board) and determine if the organization is not only compliant, but also operating optimally….
The Bow Tie Method Addresses Risk Holistically
By Jay Mui, PMP, MBA | Supervisor, Risk & Advisory Services Well if you are being literal, 17th century Croatian mercenaries would use a scarf to hold together the openings at the neck of their shirts. King Louis XIII, a great employer of these mercenaries, so enjoyed and promoted this look that it soon became…
Why Associations Are Implementing Enterprise Risk Management (ERM)
By Melissa Musser, CPA, CITP, CISA | Principal, Risk & Advisory Services For years, associations have taken a siloed approach to risk management, focusing on areas like cybersecurity. More are now widening their nets, using ERM to ensure unexpected dangers don’t derail their association. When it comes to risk management, some may think of areas…
Be Prepared: Why Enterprise Risk Management is Essential for Nonprofits
By Melissa Musser, CPA, CITP, CISA | Risk & Advisory Services Principal Corporations and organizations have long understood the value of systematic planning for worst-case scenarios to avoid unwelcome surprises, known as enterprise risk management (ERM). ERM is a proactive, multidimensional process of identifying, assessing, cataloguing, and preparing for potential negative organizational outcomes in order…
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Webinar Recordings
How to Set Up a World-Class Whistleblower Program Webinar Series
In an era where transparency and ethical conduct are paramount, our three-part series is designed to guide you through the intricacies of creating and maintaining an effective whistleblower program. You’ll have the knowledge and tools needed to establish a world-class whistleblower program.
Keep Calm and Assess Your Risk with Enterprise Risk Management (ERM)
Enterprise Risk Management (ERM) is more important than ever – is your organization onboard? Nationally-recognized nonprofit risk experts present the many lessons learned by nonprofits and associations during the COVID-19 pandemic. Learn how ERM helped organizations navigate and survive during the unprecedented crisis.
Enterprise Risk Management (ERM) for Nonprofits & Associations: Where Strategy Meets Risk
It’s time to talk to your board about addressing risk to your organization’s strategy. Effective risk mitigation measures are no longer luxuries or only available to large enterprises.
Tackling these critical issues together in a smart, coordinated way allows your organization to mitigate risk and plan for the future while also maximizing your resources and budget. To do this, leaders should first understand the current risk landscape and learn what to expect in 2019 and beyond.