When Nonprofit Boards Discover Executive Director Misconduct

Nonprofits

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 . . .

When Community Nonprofits Get Into Financial Trouble

Nonprofits

Banks with troubled nonprofit portfolios can be in a difficult position. Nonprofits often operate on tight cash flow and insufficient surplus to withstand delayed reimbursements, decreasing revenue or unexpected expense increases. Their very nature creates the need for a line of credit and/or loans to purchase basic operating equipment. When …