Nonprofit

Ensure the Viability of Your Nonprofit Through Better Donor Retention

Given the current economic conditions, including an overall decrease in government funding, donor acquisition and retention strategies are more essential than ever for managing a nonprofit organization.  Over the last 10 years, donor retention has dropped significantly, which poses the question, “What are you doing to ensure the long-term viability of your organization?” One of…

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NJ Business Magazine features article on Risk Management by Sherise Ritter

In today’s fast-paced business environment, coupled with significant regulatory, social and technological changes that have occurred the past few years, organizations are subject to myriad risks. As a result, it’s more important than ever to identify risks and develop a work plan to address and mitigate them. Risk is defined as the possibility that events…

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Nonprofits Should Keep Strategic Planning Top of Mind

There is an old adage: those who fail to plan have planned to fail. If you stop and think about it, we all dream of our goals. But not everyone takes the step to plan to realize those dreams. Each and every one of us has an idea of what we would like our futures…

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How Nonprofits Should Manage Risk

Given today’s fast-paced environment and the significant social, technological and regulatory changes that have occurred over the past few years, nonprofit organizations are subject to a myriad of risks. As a result, it’s more important than ever to identify your organization’s risks and develop a risk assessment work plan to address and mitigate them. Risk,…

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Data Analytics: A Valuable Investigative Tool

“Time is money” is an age-old expression deeply rooted in the lexicon of most individuals and businesses, especially those that derive their income by providing a service to others. In forensic and litigation support engagements, some of the most daunting tasks involve the procurement and analysis of large, disparate datasets. The ability to efficiently combine…

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NJAMHAA News features Mercadien Financial Services and Expertise for Nonprofits

The previous issue of NJAMHAA News featured Mercadien Technologies, one of six companies that make up the Mercadien Group. While Mercadien Technologies handles the encryption and other technological aspects of protecting personal health information, personal identifiable information and e-mails on laptops and cell phones to prevent breaches, Mercadien’s Nonprofit Services Group provides the financial and…

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Mercadien Hosts Seminar on Risk Management for Nonprofit Executives

More than 30 chief and financial executives of New Jersey nonprofit organizations attended The Mercadien Group’s complimentary breakfast seminar, “How to Manage Risk,” at its offices on August 5, 2014. Part of the firm’s ongoing Nonprofit Revenue Enhancement Seminar Series, and qualified as continuing professional education (CPE), the two-hour forum identified numerous risk areas faced…

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The New VUCA Paradigm

Mercadien’s Nonprofit Co-Services leader, Lisa Thouin, and I attended the AICPA’s Not-For-Profit (NFP) Industry Conference, a three-day event in Washington, D.C., where we learned about industry trends, developments on the accounting and reporting fronts, and current product and service offerings. While we had refreshers on nonprofit accounting, advanced 990 issues, accounting for contributions, as well…

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Does Your Audit Committee Have What It Takes?

For-profit companies are always searching for ways to improve their efficiency and productivity—otherwise known as the “bottom line.” Nonprofit organizations have the same needs. Similar to public corporations, the board members plays an integral role in achieving these goals. That is why great care must be taken when selecting members. Members must possess the skill…

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Would Your Nonprofit Benefit From an Alliance or Merger?

Nonprofits are finding it increasingly difficult to operate under the continued financial uncertainty and regulatory pressures of the last several years. Many have reached the point where they have begun to assess, or already take advantage of, alliance or merger opportunities. As happens in most situations, those that proactively plan, for either an evaluation or…

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