Not-for-Profit

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Financial warning signs in not-for-profits can be subtle. Board members have a responsibility to recognize signs of financial distress and do everything in their power to avert potential disaster.
Olsen Thielen is pleased to announce Magen M. Koepp was elected Principal of the firm, effective September 1, 2018. Magen is an Employee Benefit Plan Specialist and has ten years of experience in accounting, auditing and consulting.
Many organizations are holding virtual board meetings that allow board members to be present via phone and web-based applications instead of in person, face-to-face meetings. This option isn’t without obstacles, but it can ease board member attendance problems as well as help with recruitment challenges.
Olsen Thielen Principal, Michael Bromelkamp, is in the process of transitioning from his many responsibilities at Olsen Thielen after 25 years with the Firm.
Change is difficult and when change management benefits are carefully considered, a formal approach can minimize the negative fallout and increase the likelihood of achieving your desired change goals, whether it be something as drastic as a merger or as simple as a new software program. 
Solvency is essential to staying in business and sometimes hiring solvency experts is needed to resolve creditor payment issues.
Cultivating positive public relations for nonprofits is an important way to build community support.  Good public relations is a cost-effective way to build awareness and create opportunities to achieve your mission. If you’re struggling to get enough visibility from the media,
A nonprofit advisory board has many advantages.  An advisory board is an informal group of volunteers whose purpose is to give advice and support to the governing board.  It does not have any formal legal responsibilities or decision-making authority, but it can bring complementary — and valuable — skills and
Not-for-profit organizations are like many other businesses. Over time, they move through stages of development called the organization life cycle. Their early stage precedes a growth period that runs several years, followed by maturity. At this stage, the nonprofit has built its core programs and achieved a reputation in the
Telecommuting is a work arrangement in which an employee works outside of the standard office. The employee often works from home, either full-time, on certain days of the week or as the need arises.  Telecommuting has become increasingly popular as employers seek new ways to provide a greater work/life balance
An employee assistance program (EAP) is an employer sponsored program designed to assist employees in resolving personal problems, such as substance dependence, financial or legal woes, or mental health issues.
Even though nonprofits don’t face the same government regulations as for-profit companies, fiscal oversight is the board's responsibility.  Donors and other watchdog groups pay close attention, and the media is quick to pounce on rumors of fraud in the nonprofit sector.
Up-to-date, accurate job descriptions form the foundation of every organization’s staffing efforts. Without clear, focused documentation of what each position does, you may struggle to hire and retain good employees
If your not-for-profit’s program lineup has remained unchanged for a couple of years, some of them might be due for replacement.  Consider using the tradition of spring cleaning to review and update your offerings.
Many nonprofits struggle with technology because of smaller staffs and limited IT expertise. For them, "embracing the cloud" is a solution that’s easy to adopt, and could result in better control over technology costs and greater efficiency and productivity.
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