Red Flags in Financial Management that could Sink your Organization
No nonprofit operates in a risk-free environment and risk threatens your ability to accomplish your mission. But with risk management, you can use sound financial policies to exert control over these uncertainties and potential threats. By implementing proven procedures you can be confident in your organization’s
- Internal controls
- Fraud prevention processes
- Investment policies
It is the essential nature of our missions that makes it so more critical to protect yourself against potential damaging outcomes that could threaten your survival and your capacity to meet your mission. As we consider alternative ways to address our missions, we may find that those options which promise greatest impact also entail greater risk. And so this class will explore the balancing act of weighing both risk and return, something that those entrusted with financial management in the organization must confront on a daily basis.
Certificate Programs: Financial Management
Date: April 11th, 2013
Address: Land Title Building 100 South Broad St., Suite 1500
Philadelphia, PA 19110
Katherine Ann Reilly, a Certified Management Account, recently retired as finance director for the Philadelphia Yearly Meeting of the Religious Society of Friends, where she was responsible for all fiscal matters, including the preparation of monthly and year-end financial statements and reports, budgets and investments. Previously, she was finance director for Big Sisters of Philadelphia, Inc. and MEND, a housing organization. Prior to focusing on accounting, she was a program director at Lutheran Settlement House Women’s Program in Philadelphia. She received an MBA from Temple University, a M.Ed. from Eastern Washington University and a BA from SUNY at Buffalo.