A National Imperative: Joining Forces to Strengthen Human Services in America (Jan 2018)

Exhibit 2. Reasons for not employing financial risk management strategies

NOT EMPLOYING STRATEGY

REASONS FOR NOT EMPLOYING STRATEGY

Plans to have other orgs take over in the event of failure

Training on financial risk

Plans to return to financial stability in the event of stress

Plans to maintain essential operations

We plan to start soon

Periodic financial benchmarking

We don’t have enough funding

Succession plan for executive turnover

Hires staff with financial risk background

We don’t have the expertise or capabilities

Planned responses to specific financial challenges

“Rainy-day” fund

Periodic pulse checks on sector’s finacial health Reports financial results and risks

We prioritze other strategies

We don’t think it’s necessary

Board makes risk is a top priority

Board ensures long-term strategic investmments

We haven’t consired it before

Formal delegation of risk responsibilities

Formal financial targets

Other

0%

25%

50%

75% 100%

0%

50%

100%

Exhibit 3. CBO debt and access to debt

DOES YOUR ORGANIZATION CURRENTLY HAVE DEBT?

IF YOU USE OR PLAN TO USE DEBT, DO YOU FEEL LIKE YOU HAVE ADEQUATE ACCESS TO DEBT?

No 42%

Yes 58%

No 10%

Yes 90%

36 |  A NATIONAL IMPERATIVE