The Nonprofit Risk Management Center devoted their May newsletter to the topic of financial risk management. One of the interviewees was Ed Mulherin CPA, Esq, founder and CEO of eCratchit Nonprofit, an outsourcing resource for non-profits. Ed cited three key areas of risk: access to timely, accurate financial information; liquidity and the size of their operating reserves; adequacy of staffing and salaries. Located in Boston, eCratchit serves 150 non-profit organizations across the country, giving Ed the perspective to help all of us to become better prepared in addressing the risks we face.
Author: NPFM
August 20, 2020: Employee Dependent Care Issues
Most public school districts in Metropolitan Boston and across the State have submitted their reopening plans for the fall. Some are in-person, some are hybrid, and some are all remote. However, there is still a lot of uncertainty about the reopening options and how to cope with them as a parent and as an employer of those parents. Parents are left to figure out how they will manage another term of balancing work, caregiving and education. Employers are left to figure out how to support those parents who work for them and who are affected by the decisions that their local schools have made about reopening.
John Roch, Business Manager of East Boston Social Centers, moderated a pop-up presentation and discussion about how nonprofit employers in the Boston area are navigating this issue and how they are supporting their employees who have to care for their children during their normal work hours. Justin Pasquariello, Executive Director of East Boston Social Centers and a member of the Executive Committee of MADCA (statewide child care advocacy organization) presented on the current thinking of the daycare industry, the school system, and the Mass. Dept. of Early Education and Care. Fred Ritzau, President of Northpoint Human Resource Consulting, discussed the Cares Act provisions concerning this issue and shared some solutions that some companies are offering their employees. The rest of the session was a discussion and sharing by audience members about what they are doing.
2020-08-20-A-human-infrastructure-stimulus-is-needed
2020-08-20 Pods – Inclusion or Exclusion
2020-08-20 CNBC Parents are at a breaking point as they try to cope with getting kids back to school
August 13, 2020: Keeping Safe – Returning to the Office: An NPFM Zoom Meeting
Because information has been changing so rapidly, no summary of the actual discussion is posted. The conversation, however, covered significant ground & questions from the participants.
Join us for a facilitated conversation led by Rosemarie Boardman (CFO, Boston BID), to share and learn about what we all are doing about the timing of reopening and developing/implementing policies and procedures to keep employees safe.
July 23, 2020: Five Internal Control Modifications Needed in Response to the ‘New Normal’
Summary:
Because information has been changing so rapidly, no summary of the actual discussion is
posted. The conversation, however, covered significant ground & questions from the
participants.
posted. The conversation, however, covered significant ground & questions from the
participants.
Robyn Leet, Manager, Business Process & IT Consulting at AAFCPA presented on this topic,
including discussing some pointers on refining our internal controls during the adjustment to
remote working. Also reviewed were the benefits of paperless AP and the different options to
integrate into our organizations, no matter size or budget as well as additional suggestions to
keep us protected in the future.In leading this discussion, Robyn draws on her knowledge as former financial controller for
privately-held businesses and her extensive AAFCPA consulting experience providing clients
with strategies and pragmatic implementation know-how to improve the business processes of
their operations.
including discussing some pointers on refining our internal controls during the adjustment to
remote working. Also reviewed were the benefits of paperless AP and the different options to
integrate into our organizations, no matter size or budget as well as additional suggestions to
keep us protected in the future.In leading this discussion, Robyn draws on her knowledge as former financial controller for
privately-held businesses and her extensive AAFCPA consulting experience providing clients
with strategies and pragmatic implementation know-how to improve the business processes of
their operations.
2020-07-23 AAFCPA Presentation – 5 Internal Control Modifications Needed
June 25, 2020: PPP Loan Forgiveness
Payroll Protection Program (PPP) Update – What Nonprofits Need to Know
Summary: PPP loan guidance and interpretation have been ever changing over the last few months and this session is designed to update nonprofits on the latest developments and changes that may affect your organization. Please join Melissa Murphy and Tim Warren from CLA to learn how updates from the PPP Flexibility Act, the new SBA application and more may change the way we think about PPP loan forgiveness.