Employer contributions play a crucial role in the growth of health savings accounts (HSAs), helping employees rapidly build tax-advantaged financial reserves for medical expenses. By consistently funding HSAs, employers not only boost employee participation in high deductible health plans but also enhance financial security and reduce healthcare-related stress. Discover how these contributions and other factors contribute to the success of HSAs in our latest article.

Conducting proactive retirement plan audits is crucial for avoiding unwelcome regulatory scrutiny and penalties. This article highlights common vulnerabilities, such as the timing of contribution deposits and worker classification issues, while emphasizing the importance of self-audits to ensure compliance. Discover strategies to protect your organization and its plan participants effectively.

Nonprofits face rising cyber threats due to limited budgets and IT resources, making them susceptible targets for data breaches. This article explores how penetration testing is crucial for nonprofits to identify vulnerabilities and reassure stakeholders of their commitment to data protection. Discover why investing in cybersecurity is essential for maintaining trust and protecting sensitive data.

Board members are essential to advancing a non-profit's mission, yet many are hesitant to engage in fundraising. This article explores strategies to empower and inspire board members, emphasizing clear communication, training, and creativity to transform fundraising into a rewarding experience. Discover how fostering a supportive and innovative culture can result in a committed board and sustainable success for your organization.

Navigating the financial reporting landscape can be challenging for nonprofits adhering to GAAP, especially with the introduction of the Current Expected Credit Loss (CECL) standard. This forward-thinking approach requires organizations to recognize potential credit losses sooner, impacting financial clarity and compliance. Discover why CECL matters for your nonprofit and how to seamlessly integrate these changes to enhance financial transparency and stakeholder trust.

When financial challenges arise, nonprofits must find innovative ways to preserve their core teams without sacrificing mission-critical programs. Discover strategies for adjusting compensation, embracing remote work, and optimizing resources, ensuring the community continues to benefit from invaluable services.

Nonprofit organizations depend on astute financial management to ensure their missions thrive. As a board member, detecting early signs of financial distress—from inadequate budgeting to executive overreach—is crucial in safeguarding your organization's future. Discover key strategies to maintain fiscal discipline and build trust with stakeholders in this insightful guide.

Nonprofit organizations thrive when staff and board members clearly understand their roles. This article explores strategies for defining responsibilities within nonprofits to boost efficiency and collaboration, ultimately advancing their mission. Discover how clear role boundaries can prevent conflicts and foster a culture of mutual support and innovation.