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Ron Mattocks is a management and governance consultant, working exclusively with nonprofit organizations and ministries. His new book, titled Zone of Insolvency: What Nonprofits Need to Know to Avoid Hidden Liabilities and Build Financial Strength, was released by publisher John Wiley & Sons in April, 2008. Read his blog at Ron Mattocks.com.
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Credit Woes Drive Nonprofit Organizations Into Zone of InsolvencyThe nonprofit sector’s noble history of service is woven into our nation’s fabric, setting us apart from the rest of the world. Through the largesse of donors and volunteers, our 1.5 million nonprofit organizations deliver over $1 trillion per year in program services. New York Nonprofit CEO CompensationThe New York Post ran an article on June 8, 2008, titled NY Is #1 In Charity CEO Pay. The article revealed either an embarrassing lack of understanding on the part of author Bruce Golding, and his editors at the Post, or a deliberate attempt to mislead the public. Financial Integrity Demands Diligence and DisciplineThe amount is staggering, and if true would represent a rate of loss to fraud that is double the experience of the for-profit community. If the rate of fraudulent loss in the nonprofit community is really double that of the for-profit community, we must act quickly to address the root causes to protect the assets, and the integrity of the nonprofit community, or risk losing donor support.
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