Print the eBook out and bring it to your next board meeting
New York, NY (PRWEB) July 11, 2008
In this recessionary period, nonprofit organizations are being asked to provide more services for more people, yet with fewer resources. As many as one third of the nation's 1.4 million nonprofits are operating at levels of financial distress. These nonprofits exist in the gray area between being financially stable and nearly being unable to pay their debt. This gray area is known as the "zone of insolvency," and is unacceptable in the for-profit arena. That means nonprofits like food banks, children's services, and educational initiatives are in grave danger.
A new free eBook, "25 Great Questions You Should Ask at Your Nonprofit Board Meetings," is now available as a resource for nonprofits. Designed to empower nonprofit board members, the eBook outlines exactly what nonprofits should be thinking about when it comes to the business of doing good in these financially stressful times.
Some thought-provoking questions include: Do you have adequate policies governing your investments? How do you verify what is reported to you by management? Who approves all expense reimbursements of your CEO? These questions and others could lead a nonprofit board to safely bypass the Zone of Insolvency and reduce corporate liabilities.
The eBook, available for download at http://www.ronmattocks.com/ebook.php, is excerpted from ZONE OF INSOLVENCY by Ron Mattocks. Mattocks says the eBook will fill an important role in how nonprofits are run. "Print the eBook out and bring it to your next board meeting," he advises, pointing out how some of its simple tactics could help an organization avoid or escape the pitfalls of the Zone of Insolvency during a recession.
As a senior level executive, consultant, and board member, Ron Mattocks has served nonprofits in all sectors, with annual gross revenues ranging from $2 million to $2 billion. He is the founding principal for Mattocks & Associates, a consulting firm focused on helping financially distressed nonprofits. Mattocks's executive experience includes serving as chief marketing officer for the American College of Cardiology, vice president membership for the American Academy of Ophthalmology, and many others.