Is your association up to speed?

Are your association's books and records current and complete?

Are your finances being handled in accordance with association management best practices?

Do your accounting processes comply with GAAP and FAASB?

Find out if your association is operating efficiently and in accordance with recognized national guidelines.

Order our free book, Assessing Your Association. Call 614-868-1144 or email your request today.
 

Financial disasters and scandals are a regular part of the daily news lately, and it is important that non-profit associations do not join the debacle.

Even the appearance of impropriety can destroy confidence in the association and reduce profitability to nothing. Fiduciary responsibility and accountability are essential. Here are ten "Do’s" for the non-profit, to help ensure integrity and stability:

1. Do have a clear financial strategic plan that includes investments, income planning and any other financial matter that affects the mission of the association. Larger organizations may want to consider having both a long-term (10 years or more) and a short-term (two- to three-year) plan. Whether one plan or two are involved, they should be reviewed annually and adjusted to keep pace with growth and change within the organization.