Preparing for a financial crisis? Build up operating reserves - WCS - CPA in Alexandria VA

Preparing for a financial crisis? Build up operating reserves - WCS - CPA in Alexandria VA

You never know when your not-for-profit might experience a financial blow. With the current efforts in Washington to slash expenses, some nonprofits have already lost federal funding and more may lose it in the near future. But that’s not the only risk. A significant grant from a foundation or state government might not be renewed, or a major donor could decide to stop supporting your organization. If such uncertainty has ever forced you to susp…