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Risk Management

Collaboration may feel like a code word for “merger”, but that’s not the case. Collaborations and partnerships come in many forms. Information sharing, shared grant writing, shared office space and administrative resources, joint programming ventures, organizations advocating together, and even mergers of two or more organizations are just some examples. While collaboration is something that may bring joy to the collaborators and new revenues to the nonprofit involved, it can also spell disaster for a nonprofit. Failed collaborations can affect the ability of the nonprofit to operate effectively in the long run or exhaust the valuable resources of the nonprofit that are needed for mission-critical activities.

Resources

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Managing Collaboration Risks

In an effort to combat dwindling budgets and vanishing resources while demand for services continues to increase, many nonprofits seek out opportunities to work together in new ways – leveraging resources, sharing strengths, increasing efficiencies and/or reducing overlap of services. Nonprofits recognize that when two or more organizations come together for a common purpose, the organizations and the clients they serve benefit. As a sector, we know that we are stronger together.

Association Education Topics

A guide to help you

Risk Management in Associations

While it is an honor to be asked to serve on a board of directors, there may be risks associated with board service. In addition to the responsibility for governance --- directors have a responsibility for risk management.

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