Tag: Board of Directors

When Nonprofit Boards Discover Executive Director Misconduct

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You volunteer on a community nonprofit board. All is well until you get a letter from an employee’s attorney alleging misconduct by the Executive Director. Or, maybe a local vendor is furious because their invoices have gone unpaid for months despite assurances from the Executive Director. You need to act fast . . . Read More

Community Nonprofits In Financial Trouble

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Banks with troubled nonprofit portfolios are often in a tough position. Nonprofits often operate on tight cash flow and insufficient surplus to withstand late service reimbursements, decreasing revenue or unexpected expense increases. Their… Read More