Is Your Nonprofit 3 Months from Disaster?
Monday, June 25, 2012 1:00 pm
Free. Times shown are in Eastern Time (ET).
An operating reserve is your nonprofit's "rainy day fund" for when its cash flow unexpectedly drops. Conventional wisdom says that three to six months' worth of operating expenses should be in your reserve. Yet survey after survey continues to show that as many as 50 percent of nonprofits have three months or less in reserves -- a highly risky financial position to have when the economy is still volatile and foundation giving is predicted to grow slowly for the near future.
So how much should your nonprofit have in reserves? How do you build them up? Get answers from our expert panelists. We will devote most of the hour to your questions!
Alice Richardson Antonelli, Senior Consultant, Nonprofit Finance Fund: Alice joined NFF in 2002 and is responsible for leading consulting services initiatives, including: playing a lead role in the delivery and product development of NFF’s full range of consulting services; cultivating and managing client relationships; and teaching workshops and seminars. Earlier in her NFF career, Alice was a part of the lending team, responsible for business development, underwriting, closing and monitoring loans to nonprofit clients. Prior to joining NFF she worked at JPMorgan Chase in New York (formerly J.P. Morgan & Co. Inc.) for 10 years. Her most recent position there was as Vice President for the Community Development Corporation.
Rodney Christopher, Vice President, Consulting Services, Nonprofit Finance Fund: Rodney has worked for NFF from 1992 to 1996 and again since 2001. As one of NFF's most broadly experienced team members, Rodney's clients are both nonprofits and foundations, and he divides his time between custom engagements, client coaching, public presentations, product development and training NFF staff. He has an MS in Urban Policy Analysis and Management from The New School and a BA summa cum laude in Social Sciences with a minor in dance and theater from Bard College at Simon's Rock (the nation's first early college). Rodney is the Board Treasurer for Fractured Atlas, a technology-driven national service organization for artists and arts organizations.
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