March 20, 2008
Guide to Keeping Charities Financially Solvent
NEW BOOKS
Zone of Insolvency: How Nonprofits Avoid Hidden Liabilities
and Build Financial Strength
by Ron Mattocks
Between financial stability and total bankruptcy lies the "zone of insolvency," or a time of financial distress, writes Ron Mattocks, a nonprofit consultant.
He adds that as many as a third of all charities "operate perpetually in financial distress," which may cause "a weakening of the fiscal viability and
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