The Valtas Group’s Post

Too many nonprofits take the wrong approach with their risk management strategy. Sometimes I wish I could just wrap my young kids in bubble wrap and send them on their way. But that wouldn't work. Neither does a set-it-and-forget-it approach like this work for nonprofits risk management. Yet so many nonprofits use this risk management strategy. They: -Buy the insurance -Adopt a policy -Schedule a training And that's it. Instead, nonprofits need an ongoing risk management strategy. Just like I need to be consistently checking on my young kids, nonprofits need to be consistently evaluating and taking action to mitigate their risk. -Ensure proper maintenance and updates to your facilities -Re-evaluate your programs and policies -Follow up regularly on that training Consistent evaluation and redirection is what it takes to parent young kids and also to manage risk in a nonprofit. __________ Make sure your nonprofit risk management strategy will set you up for future success.

Join us for a crucial discussion on Non-Profit Risk Management! 🗓 Date: May 23rd, 2024 🕗 Time: 8:00-8:30am Registration | 8:30-10:00am Discussion 📍 Location: Raleigh Country Club Non-profit organizations face unique challenges in managing risks effectively. Join us for an insightful session where experts will delve into key issues and provide actionable solutions. Discussion Topics: 🔒 Personal Safety at Work: Ensuring the well-being of staff and volunteers. 💻 Cybersecurity: Safeguarding sensitive data and digital assets. 📉 Common Risk Management Issues: Identifying and mitigating potential threats. ⚖️ Legalities & Management: Navigating the legal landscape and best practices. 📜 Updates on Federal Law: Stay informed about the latest regulations impacting non-profits. Don't miss this opportunity to enhance your organization's risk management strategies and network with industry peers. RSVP by messaging me or emailing events@jones-insurance.com to secure your spot! #NonProfit #RiskManagement #RaleighEvents

Manage risk better using this free assessment tool: https://hubs.ly/Q02ft7kq0 #Valtas #nonprofit #riskassessment #nonprofitriskmanagement

Subrecipient risk assessments and monitoring are critical aspects of federal grants management. These practices ensure that funds are used in accordance with federal regulations, that grant objectives are met and that the risk of fraud, waste and abuse is minimized. The federal government has set forth guidelines in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) found in 2 Code of Federal Regulations (CFR) 200, which outlines the requirements and responsibilities of grant recipients and their subrecipients. This article will delve into common pitfalls around performing subrecipient risk assessments and monitoring, and the best practices for organizations looking to improve their processes in these areas https://lnkd.in/eWhPwQ-8 #bkccpas #nonprofit #grantfunding

Only 20% of nonprofits have an enterprise risk management plan. Nonprofits, check your Liability Risk. Ensure your coverage for employee and volunteer liability is up to date. #nonprofits #liabilityrisk #volunteerliability #nonprofitinsurance

📈 Empower your nonprofit with the knowledge to navigate financial uncertainties. Our latest blog post, 'Financial Risk Management for Nonprofits: A Comprehensive Guide to Identifying and Mitigating Risks,' offers vital insights into safeguarding your organization's future. Dive into expert strategies for risk identification, mitigation, and proactive planning. Perfect for nonprofit leaders and financial managers. #NonprofitManagement #FinancialRisk #RiskManagement ➡️ https://bit.ly/43HNuuE

Does your Organization have a Business Continuity and Disaster Recovery plan in place? Check out our blog post to learn more about why a formal, regularly updated BCDR plan is critical for any Business or Nonprofit. https://lnkd.in/gPjMa97z

Litigation risks are rising for private companies and non-profit organizations. Discover why strong risk management practices are an important tool in mitigating these risks, in this Risk Perspective from Philadelphia Insurance Companies. https://bit.ly/3z0GihT #managementliability #riskmanagement #privatecompanies #nonprofits #TEAMPHLY

Safeguarding volunteers and minimizing risks for your #nonprofit is essential. Count on us to provide property, casualty, workers’ compensation, and risk management solutions tailored to your organization's needs and budget. Discover expert insights on minimizing volunteer liability, from identifying unique risks to implementing effective strategies: https://bit.ly/43gG5SU #humanservices #nonprofitleadership

IntegralOrg President & CEO Mike Grogan's thoughts about the environmental trends that affect nonprofits and how strategic risk management can help organizations prepare for the future. “So how do we make sure that we are not only thinking about how we build our organizations for today, but we are building organizations that are sustainable and effective and impactful down the road?” “That's where trend analysis comes into the realm of strategic risk. Being aware of what the future might hold and putting in place today the systems, processes, and understandings that we need to be able to thrive within that expected environment.” Strategic Risk Management for Nonprofits, Thursday, May 16, 9am-12pm with Leslie Tamagi and Mike Grogan. $50 or $80 for two tickets. Register at: https://lnkd.in/gC2Mf7_r #riskmanagement #nonprofit #strategy #risk