What is good not-for-profit governance? How can organizations spot red flags of bad governance and avoid fraud? PKF Texas Directors, Nicole Riley, CPA, CFE, and Emily Smikal, CPA, shared their insight in our Zoom webinar on May 12, 2021, “Governance Gone Bad: Lessons Learned to Help Your Not-for-Profit.”

promotional graphic for Zoom webinar, Governance Gone Bad: Lessons Learned to Help Your Not-for-Profit, featuring PKF Texas Nicole Riley and Emily Smikal


Continue Reading Recap: “Governance Gone Bad” Not-for-Profit Webinar

Your not-for-profit has a board of directors — so why would it need an additional advisory board? There are a few reasons. Some organizations assemble advisory boards to provide expertise for a specific project, such as a fundraising campaign. Other organizations use them to give roles to major donors and prestigious supporters who may not be a good fit for a governing board.

six black leather chairs sit around a wooden table in a conference room; image used for blog post about a not-for-profit advisory board

Here are some other ways to use an advisory board and how to set one up.


Continue Reading How an Advisory Board Complements a Board of Directors

In times of turmoil, your not-for-profit board of directors should be your organization’s rock-solid foundation. But what if your board is understaffed or simply doesn’t provide the leadership your not-for-profit requires?

six black leather chairs sit around a wooden table in a conference room; image used for a blog post about rebuilding a not-for-profit board

Think about rebuilding it — and the sooner the better. Financial, public health and other challenges are likely to remain a reality for the foreseeable future.

Assess What You Have
Start the rebuilding effort by assessing your current board. Ask the following questions:


Continue Reading How to Rebuild Your Not-for-Profit Board

A key fiduciary duty of your not-for-profit’s board of directors is to oversee and monitor the organization’s financial health. Some financial red flags and warning signs, such as the loss of a major funder, may jump out immediately.

a red flag waving in the air, image used for a blog post about financial red flags for not-for-profit boards

But other red flags can be more subtle. Here are some of them.


Continue Reading Watch for These Financial Red Flags for Your NFP Board