Risk management is essential for the growth and sustainability of nonprofit organizations. However, risk management shall not be a burden for nonprofit leaders and charitable sector managers. The ViStA Risk Management Framework is a scientific risk management tool developed specifically for nonprofits and charities. Risk should be the servant of the objectives of a nonprofit
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Warren Buffet is supposed to have said that “only when the tide goes out do you discover who has been swimming naked.” The pandemic has shown which non-profit organizations were swimming naked in terms of their risk management. Organizations that skimped on risk management – or even worse – totally ignored it, were the ones
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While half of your risk management activities may be wasted, the other non-wasted half more than pays for itself and ultimately increases the effectiveness of your non-profit organization.
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