I t has been made essential through laws that the governing body of a non-profit organization keeps a strict watch out for probable risks. Risk management has been made essential
With proper risk management reports, the charity can gain the trust of its stakeholders, donors, funders and the employees.
The more advanced the level of operation of the charity, the higher will be the possible risks. The most common risks faced by charities are overseeing the future of contracts, fundraising from organizations and public, termination of funds, investment fluctuation and even rise in demand for services following a disaster or unforeseen situation. Sometimes the risks might be at the governance level like internal conflicts and inappropriate organization. We have professionals who are experienced in organization and decision making regarding charity structures and they can ensure that the best decision is taken in case of an internal risk.
We take care of the employee insurances and keep in track with the functioning of the charity organization looking keenly for any financial risks. Our professionals are educated in the legal requirements of charities and the ways to solve risk factors. We take part in the organizational trustee board meetings and even take up the job of educating the trustee regarding the legal aspects. All kinds of charities like audited charities, smaller charities and even incorporated charities should have proper risk management provisions according to law. We prepare annual reports of the risk management steps, establish a risk policy, identify the risks, assess them and take the necessary actions.
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