The COVID-19 pandemic has driven home many lessons for nonprofits, perhaps none so much as the importance of operating reserves. If your nonprofit is among those organizations with dramatically depleted — or nonexistent — reserves, here are some steps you can take to remedy the situation. 1. Achieve buy-in. It sometimes can be difficult to…
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Sechler Morgan CPAs PLLC is an Arizona-based CPA firm dedicated to serving nonprofit organizations with care and purpose since 1985.