Nonprofit Risk Management

Why Risk Management?
TANO is NRMC Affiliate
  
Nonprofit Risk Management Center

Why Risk Management?

 
Risk management is a discipline for dealing with uncertainty.
Every nonprofit faces uncertainty and risk. From uncertainty about continued funding, program outcomes and the organization's ability to ensure client safety, managing a range of risks is required for both survival and success. Every nonprofit — including small organizations — can use risk management strategies and tools to protect vital assets. Here are just some of the many compelling reasons to integrate risk management into your operations:                                                                                                                                                                                                               
The threat of litigation is increasing
Many nonprofits never face a lawsuit, but those that do know that it can be costly and time consuming. Good risk management can reduce these costs or perhaps help you to avoid a lawsuit altogether.
 
The risk of client harm. Your mission is to help people, not hurt them. Causing harm to a client, however unintentional, undermines your purpose and jeopardizes your mission.
 
For your own safety and security. Sound risk management will help create a sense of confidence and safety about your operation. In an atmosphere where the threat of unnecessary risk is reduced, a nonprofit can be more creative in providing services to clients and achieving results.

 

 

TANO is one of a select group of 13 national satellite offices of the Nonprofit Risk Management Center (NRMC)*.

                                                            
Our resource libraries contain all of their publications and we periodically host all day conferences around the state on the all-important, but often ignored, subject of nonprofit risk management. In 2009, TANO was the primary host for the 2009 Risk Management and Finance Summit for Nonprofits held in Austin.
 

TANO members enjoy significant discounts when purchasing the pragmatic, high quality resources available from the NRMC, including, but not limited to:

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*About the Nonprofit Risk Management Center:  The Nonprofit Risk Management Center (NRMC) helps nonprofits deal with uncertainty.  It was established in 1990 to provide assistance and resources for community-serving nonprofit organizations. As a nonprofit, the Center is uniquely positioned to both understand and respond to questions with practical, affordable suggestions for controlling risks that threaten a nonprofit's ability to accomplish its mission.

NRMC offer a wide range of services (from technical assistance to software to training and consulting help) on a vast array of risk management topics (from employment practices, to insurance purchasing to internal controls and preventing child abuse). It does not sell insurance or endorse organizations that do.

The Nonprofit Risk Management Center is a 501(c)(3) nonprofit organization.

 

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