Fundamentals for Nonprofits
Best Practices for Nonprofit Boards
Nonprofit boards play a critical role in making sure that their organizations stay strong and healthy, especially during times of crisis. Alice Antonelli, Director for NFF's Advisory Services, has gathered a series of best practices for nonprofit boards, including special crisis tips to help boards prioritize specific actions they can take right now during the COVID-19 pandemic.
1) Know the Role of the Board
2) Think Big Picture
3) Identify Strengths, Gaps, Opportunities, and Risk
4) Understand Financial Health and Performance
5) Collaborate When Addressing Finances
6) Think Full Cost
7) Monitor Financial Performance
8) Bonus Tips: What Not To Do
1) Know the Role of the Board
2) Think Big Picture
3) Identify Strengths, Gaps, Opportunities, and Risk
4) Understand Financial Health and Performance
5) Collaborate When Addressing Finances
See also:
- Financial Self-Assessment Worksheet: Know Your Strengths and Weaknesses
- Financial Self-Assessment Worksheet (For Arts Organizations)
