Risk Management, Resilience, and Sustainability: A Podcast Featuring Hilda Polanco

It's a mistake to think that your annual Audit is a sufficient "Risk Management" strategy.  In this episode of the About Risk podcast by Risk Alternatives CEO Ted Bilich, FMA's founder and CEO, Hilda Polanco, discusses why an audit is not enough and how a nonprofit's resilience and long term sustainability are bolstered by a commitment to risk management.  You can find the podcast on itunes or ...

Continue reading this post...

The Advantages of Utilizing Technology in Fiscal Management

8 Ways Fiscal Management Technologies Can Work to Your Nonprofit's Advantage Every nonprofit organization must rely on technology to achieve its mission. The reason is clear: It helps the organization gain a better understanding of the overall financial picture so timely decisions can be made about the strategic direction of the organization. At the end of the day, sound decisions are based on ...

Continue reading this post...

Outsourcing Services: A Three-Tiered Approach

Success of Any Nonprofit Starts with Effective Transactional, Managerial and Strategic Support In every nonprofit organization, fiscal management services typically fall into three categories of support: transactional, managerial and strategic. Within each of these levels, an organization must accomplish specific tasks related to financial planning, monitoring, operations and governance. But ho...

Continue reading this post...

CNAP Courses Build Knowledge, Confidence, and Skills in Nonprofit Financial Management Professionals

For accounting and financial professionals working in a nonprofit organization, the Certified Nonprofit Accounting Professional (CNAP) training provides a crash course in every aspect of nonprofit financial management. Program graduates leave with the know-how and action plans they need to make an impact in their organizations right away. As the only nationally-recognized certification program ...

Continue reading this post...

Nonprofit Controls and How to Make them Work for You

On March 14th, Hilda Polanco joined Ruth McCambridge of the Nonprofit Quarterly for a webinar on how to think about internal controls in a nonprofit organization.  Ruth's title for the webinar, "Maximizing Nonprofit Internal Controls: An Essential Guide for Even the Most Pure" triggered an important initial point: You shouldn't see the adoption of internal controls as an assault on the culture of...

Continue reading this post...

Panel Discussion Replay — Peer Learning: A Key to Successful Capacity-Building

In case you missed it, FMA's Hilda Polanco joined a panel of experts from the foundation and consulting worlds to discuss the role of peer learning in building nonprofit capacity.  The panel was hosted by Philanthropy New York and featured an enthusiastic audience in the room as well as nearly fifty viewers who tuned into the livestream broadcast of the event.  You can view the recording here be...

Continue reading this post...

Looking Forward to 2017 with FMA

During 2016 the FMA team grew to more than 35 staff and continued to expand our national footprint with a new office in Los Angeles. We served more than 400 nonprofits and individual leaders with consulting, leadership development, training and outsourced fiscal management services and partnered with funders in more than a dozen communities including the San Francisco Bay area, Napa Valley, Chicag...

Continue reading this post...

Helping Arts and Culture Organizations Manage Cash Flow

This week, FMA joined with IFF, MacArthur Foundation, and MB Financial Bank in kicking off the launch of the Arts and Culture Loan Fund!  The fund will help small and medium sized arts and culture organizations manage cash flow challenges by providing loans and training in financial management.  The program is open to arts grantees of the MacArthur Foundation or the MacArthur funds at the Prince...

Continue reading this post...

The New FASB Accounting Standards: What do they mean for you?

Nonprofit Quarterly's Ruth McCambridge interviewed Hilda Polanco about the the FASB Accounting Standards, looking at what they'll mean for how nonprofits will report their finances.  The development of the new standards began in 2009 and will be the standard for fiscal years after December 15, 2017.  In the interview, Hilda flags three areas of particular importance:  The classification of net ...

Continue reading this post...

Brexit Highlights Importance of Scenario Planning: The Known and the Unknown

By Dipty Jain, Principal  With fears still running high about what the medium and long-term implications of Brexit are, we should take this time to reflect upon best practices in planning for uncertainty. The referendum serves as a reminder that while we cannot predict the future, we should be prepared to act. And scenario planning— developing responses to account for uncertainties—sh...

Continue reading this post...