How Much Should Nonprofits Hold In Reserve?
Course Description:
Keeping reserves for a “rainy day” is a good practice for all associations, but how much should your organization set aside? A percentage of annual budget? Three-to-six months? The answer is: it depends. Every association is unique and can experience distinct unexpected circumstances that may affect its long-term financial health.
This engaging session focuses on how to conduct a risk assessment that will assist your association in quantifying financial risks and opportunities. Once completed, this risk assessment aims to assist in finding the appropriate reserve level for your organization.
Whether you are in the initial phases of creating your nest egg or re-evaluating longstanding reserve levels, this session is for you.
Learning Objectives:
Understand how much the “typical” nonprofit and association holds in reserve through Raffa’s Study on Nonprofit Investing (SONI)
Assess risks and opportunities for your organization to find the appropriate level of reserve.
Develop a reserve policy that documents your review and serves as valuable context for future stakeholders.
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How Much Should Nonprofits Hold In Reserve? (NASBA/CAE/CPE Course Credit Information)
As a CAE Approved Provider educational program related to the CAE exam content outline, this program may be applied for CAE credits toward your CAE application or renewal of professional development requirements.
U.S Transactions Corp. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
(National Registry Sponsor Nr: 138278)
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