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Wondering where your organization’s money is going? Strengthen your financial muscles with Zone of Insolvency

Posted By Amy Warner, CausePlanet, Friday, May 26, 2017

 

 

 

 

 Wondering where your organization’s money is going? Strengthen your financial muscles with Zone of Insolvency, a perfect primer for LANO’s June 1st webinar on recovering overhead costs on government contracts.

 

Approximately one-third –– or 450,000 –– nonprofits today function in financial distress, or what author Ron Mattocks calls the “Zone of Insolvency.” Many nonprofit executives believe (erroneously) that operating in financial distress is an unfortunate but necessary part of doing business in the nonprofit sector.

 

The courts have expanded the legal responsibilities and liabilities of boards of nonprofits that operate in the Zone of Insolvency. In many cases, lawsuits and settlements against nonprofit board members and managers have stemmed from decisions while operating in financial distress.

 

Through case studies of organizations that have faced financial distress, Mattocks looks at the issues facing the nonprofit sector and examines the three options every nonprofit operating in the Zone of Insolvency must confront.

 

Learn more about this book and our summary.

 

Questions? Email us at Support@CausePlanet.org.

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