Category: All
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It’s Time For An Assessment Of Your Nonprofit’s Finance Operations
With cybersecurity concerns, the advent of remote working and the increased risk of fraudulent activity, an independent assessment of your nonprofit’s finance operations is essential. Perhaps your staff is too busy with day-to-day tasks and deadlines to review and evaluate your procedures. They may find it easier to continue doing things the way they have…
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A Recent Case: Embezzlement From a Nonprofit: Could This Have Been Prevented?
Could This Embezzlement Have Been Prevented A former employee of a nonprofit substance abuse rehabilitation center embezzled over $600,000 from the organization by stealing checks made payable to the organization from the desks of other employees and depositing them in a bank account she set up in her own name on behalf of the nonprofit.…
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Building a Strong Finance Department Infrastructure: Is Your Nonprofit Ready For the New Reality?
The New Reality: Remote and Hybrid Work Finance departments are facing many challenges in this new reality The New Year brings a New Reality to nonprofit organizations. Working arrangements for staff, physical workspace and daily operations have changed. The changes present the following challenges:
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5 Missed Steps in the Nonprofit Procurement Process: See How We Assisted One of Our Clients
A nonprofit client downsized their procurement department. This resulted in changes to workflow, staff roles and responsibilities. I was retained to review and evaluate their procurement processes to ensure that there were proper internal controls, efficient workflow and best practices in place. I began my assignment by meeting with the procurement team. I reviewed and…
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Are Your Nonprofit’s Financial Statements Timely? See How We Helped Our Clients
Here is one example of how Roberta Katz Consulting can assist your nonprofit organization. When I was working in senior financial management positions at several nonprofit organizations, one of our major challenges was generating accurate monthly financial statements in a timely manner. To meet these challenges, I successfully implemented a formal process and a tracking…
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Be Proactive Not Reactive: Preparing Your Nonprofit for Post Covid-19
Is your nonprofit’s finance department prepared to face the challenges of a post-Covid-19 world? Here are some of those challenges: Do not wait until a problem arises…It may be too late! Some questions your finance department should consider and actions they should undertake: Did your operating processes change due to a downsized workforce? Review…