Nonprofit Observer: Summer 2013 Edition

NPOsu13_Page_1The Nonprofit Observer features trending articles and information that can help strengthen your organization.

Topics in the Summer 2013 edition include:

– Fundraising Costs Under Attached: Why charity watchdog groups are taking aim
Walk the Talk with a Code of Ethics
– Are you Ready to Respond to a PR Crisis?
– Why Nonprofits Need Audits- even when they aren’t required


Building Local Systems to Improve Afterschool

Better-Together-Building-Local-Systems-to-Improve-Afterschool2A new report, released on July 16, 2013 and funded by The Wallace Foundation, shares lessons from national experts on how to best expand access to high-quality after-school programs, and emphasizes the important role of cities in providing these programs, particularly in high-poverty neighborhoods.

FMA’s Founder & Managing Director, Hilda H. Polanco, discusses Building Provider Financial Know-How and shares four critial steps to help organizations strengthen their finances.  Please see page 18 of the report below

Better Together: Building Local Systems to Improve Afterschool

Nonprofit Collaborations: Why Teaming Up Can Make Sense

Even if your nonprofit isn’t in financial trouble, your board and management should be alert to opportunities that will improve efficiency and sustainability. It’s best to do this before your nonprofit reaches crisis mode.  

For-profit companies have long recognized the value of collaborations. More nonprofits are now looking for the same benefits.

Read the full article HERE

Nonprofit Observer: Winter 2013 Edition

The Nonprofit Observer features trending articles and information that can help strengthen your nonprofit. 

Topics in the Winter 2013 edition include:

  • Performance Anxiety: Measuring your nonprofit’s impact
  • How to keep board meetings on time and productive
  • Young donors are your futhre: Are you doing enough to attract them?
  • Annual reports: Putting your best face forward






Please click here to download the Nonprofit Observer Winter 2013 Edition

Building Stronger Nonprofits Through Better Financial Management

Please click the link below to read the thought provoking study of what nonprofits need around financial management and lessons learned on how to prevent problems.

Please click here to read the full report

Fiscal Fitness for Nonprofits

Stories From the Field, published by The Wallace Foundation, describes their effort to provide financial trainings to executives of high-performing organizations.

FMA’s work in Chicago with After School Programs is recognized.

Please click here to download the full article

Administrative Management Capacity for OST Organizations


FMA recently partnered with The Wallace Foundation to conduct a study of the administrative management capacity of organizations providing out-of-school time (OST) services. Based on a sample of 16 high-performing programs in New York City and Chicago, the report concludes that many OST providers need additional investment in administrative management capacity in order to most effectively support, develop and expand their programs. While the study focuses specifically on organizations providing OST programs and services, the report’s lessons and observations should be relevant and useful to the broader nonprofit sector as well.

Please click here to download the full report.

Lessons in Financial Management Pay Off for Chicago Charities

The following article featured in The Chronicle of Philanthropy discusses how FMA and The Wallace Foundation are strengthening and improving the quality of afterschool groups in the Chicago area.

Click Here to Read More

In a related article, read how Big Brothers Big Sisters of Metropolitan Chicago, a participant in The Wallace Foundation’s nonprofit financial management program and client of FMA, has utilized greater transparency about their financials.

Click Here to Read More

The Key to Long Term Financial Health

Managing Director, Hilda H. Polanco, was recently featured in the New York Nonprofit Press article discussing, The Key to Long Term Financial Health Liquid Unrestricted Net Assets (LUNA).

“Everyone knows that these have been difficult times for nonprofits.  Our own research at Fiscal Management Associates (FMA) and countless other surveys by intermediaries and industry associations find that nonprofits have been struggling with cutbacks in government funding, reduced corporate and foundation grantmaking, and weakened individual giving.

These fiscal pressures have led, in many cases, to annual operating deficits and emergency use of endowment funds or other financial reserves – if nonprofits had any to begin with. While there is widespread agreement about the general problem, many individual nonprofits still need strategies and solutions for conducting a realistic assessment of their own financial situations and to implement budgetary and financial management strategies appropriate for the still very perilous times ahead.”

Click here to read the full article!

Healthy Reserves Are No Accident

FMA’s Founder and Managing Director, Hilda H. Polanco discusses the value of maintaining healthy reserves in an article entitled, Healthy Reserves Are No Accident featured in the Philanthropy Journal

“Whether to be used as a “rainy-day fund,” to help smooth out transitions during turbulent times, or to leverage an opportunity in a strategic push, few will question the value of a strong balance sheet defined by ample, liquid unrestricted net assets.”

To Read More Please Click Here