Protect your future with solid operating reserves
$225.00
Description
Abstract: Operating reserves aren’t a luxury — they’re a necessity for financially savvy nonprofits. Organizations without adequate operating reserves leave themselves vulnerable to the financial instability and damaged reputation that interruptions in incoming revenue might bring. This article addresses what reserves are, and aren’t; some of the reasons why a nonprofit needs reserves; and how much to set aside as reserves. A sidebar explains how to develop a formal reserve policy.
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