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The Importance of Operating Reserves
Apr 1, 2011
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“What is an operating reserve, and why does every nonprofit need to address this issue?” In this issue of Accounting and Audit Advisor, Gelman, Roseberg & Freedman’s Amy Boland provides advice on the importance of nonprofit operating reserves as well as how nonprofit boards can determine the most appropriate size of reserves for their organizations.
Included in this article is a comparison between operating reserves and other unrestricted funds, the factors nonprofit boards and executives should consider when making decisions about their operating reserves, and the effects operating reserve levels can have on fundraising capabilities.
For the past nine years Gelman, Rosenberg & Freedman CPAs (GRF) has provided high quality audit and tax services for Doorways for Women and Families.
Caroline Jones | President/CEO
Doorways for Women and Families