March—Risk Management Resources

Meeting the Risk Management Challenge
By Arthur F. Blinci, ARM

Risk management is a challenging discipline for any organization. Finding the resources you need to prudently manage the risks associated with your organization can often be confusing. You need to know where you can turn for quality risk management resources to help address the pressing issue of the moment. This month we want to introduce you to the resources availabe from the Nonprofit Risk Management Center (NRMC) in Washington, D.C.
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Everything's Fine—We've Got Insurance!
By George L. Head, Ph. D.

Have you heard these jubilant words from your staff or board lately? Even worse, do you comfort yourself with this thought whenever some accident strikes your nonprofit? If so, then everything is definitely not fine within your risk management program.
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Paying Volunteers "Just a Little Something"
By George L. Head, Ph. D.
A thoughtful, appreciative board or executive director may want to pay a nonprofit's volunteers "just a little something" beyond reimbursing individual volunteers for their expenditures on the organization's behalf. Some nonprofits rationalize a monetary gift as a demonstration of thanks for the loyalty volunteers have shown to the organization... The "little something" paid periodically to all volunteers may seem like a nice way to thank them for the time they so graciously give the nonprofit, but may raise serious issues and yield unwanted tax consequences for the nonprofit and volunteer.
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Risky Business Cartoon
By John J. Dougan

"We really appreciate your volunteer work. Here's a little something to help cover your gas—and hey—take the family out to dinner tonight with the rest."