Nonprofit Knowledge Center Podcast Series:
Targeting the Appropriate Level of Reserves at Your Organization
Given the overall level of challenges and uncertainty facing nonprofits today, maintaining a reasonable long-term strategic reserve to ensure the organization can meet the needs of constituents or provide high-quality value to members is critical. But how much should go into reserves and when should they be used?
In our latest podcast, Audit Partner Christian Spencer speaks with Rob Dickinson, Assistant VP of Finance at the National Council of Architectural Registration Boards who talks about his experience with evaluating and developing an appropriate reserve target and what he’s found to be successful for NCARB.