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Insights: Knowledge and Insights: Newsletters

The Bottom Line on Parking Benefits

By now, many of our readers may have heard about what was a little-known wrinkle in the new tax law. Whether you have or haven’t, we are going to break it down for you and get to the bottom line on the matter. Many of you reading this article are senior management in nonprofit organizations…

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Creating a Positive Donor Event Experience

In recent years, experts have cautioned nonprofits against relying too heavily on fundraising events. As it turns out, the cost to raise a dollar through an event is much higher than other methods. Despite this scrutiny, our nonprofit clients still find success with event fundraising. While there are certainly more cost-effective ways to raise money,…

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8 Cybersecurity Risks That May Impact Organizations in 2019

As featured in Security Magazine (data drawn from AON 2019 Cyber Security Risk Report) 2018 showed that a proactive approach to cyber preparation and planning paid off for the companies that invested in it; it’s expected that in 2019 the need for advanced planning will only further accelerate.  “Digital Transformation” is here to stay –…

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K-12 Schools Experienced a Significant Rise in Cyber Breaches in 2018

Data & Statistics reported/outlined by The K-12 Cybersecurity Resource Center 2018 revealed that school districts are not immune to the same types of data breaches and cybersecurity incidents plaguing the most technologically advanced and well-resourced corporations and government agencies. During 2018, the misuse and abuse of school technology and IT systems resulted in 122 publicly-disclosed…

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Considering a Penetration Test? Know Your Options & Which is Right for You

Before you arrange or commit to a penetration test, understand that the results are driven by the information the researcher is provided. Leadership and management need to agree on the scope-of-work, objectives and rules of engagement for the organization performing the testing. This process has been neatly packaged into a color-coded system: Black, White or…

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Going on the Offensive in Risk Management & Compliance Monitoring

Regulatory guidance for banks has become increasingly forceful. Recent developments are making it clear that should is to be interpreted as shall. Financial institutions are working to establish compliance frameworks to meet these standards. It is critical that your organization develop a strategy for how to assess compliance with applicable guidance and enhance your enterprise…

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How Federal Government Shutdowns Affect SBA Lending

Nearly all of us were following the news headlines or stories about the recent federal government shutdown and wondering when it would be over. While the duration and visibility of this one may have reached new levels, shutdowns have happened before. Whenever a federal government shutdown occurs, the U.S. Small Business Administration (SBA) partially ceases…

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Enterprise Risk – Are You Properly Managing It?

When I ask my clients if they have a formal risk management process and plan, the discussion often goes to insurance.  I get a “Yes, our buildings and other fixed assets are insured; we have liability coverage; our technology firewalls are up-to-date,” and so on.  I also often hear that the executive committee of the…

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Are You Ready… For The New Nonprofit ASUs?

In our August 2018 newsletter, we highlighted the four new accounting standards updates (ASU) that will impact nonprofits in the next few years. ASU 2016-14, Presentation of Financial Statements of Not-for-Profit (NFP) Entities, will be effective for years ending December 31, 2018 and June 30, 2019. So now the question is, are you ready? There…

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The Impact of the Opioid Crisis on Treatment Providers

Opioid use and addiction have reached epidemic proportions in this country.  According to the U.S. Centers for Disease Control and Prevention, in 2016, an average of 115 Americans per day died from an opioid overdose,1  leading President Trump to declare a Public Health National Emergency in October 2017 and set goals to address the issue. The…

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