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Not-For-Profit News
July, 2015

Safeguarding Your Volunteers and Your Organization with Effective Risk Management

 

By Larry Gebhard, CPA
Manager

Most nonprofit organizations rely on volunteers to some extent.  Some organizations rely very little on volunteers, while some organizations are entirely run by volunteers.  Wherever your organization falls within this spectrum, it is good policy to implement risk management strategies.

 

One critical step your organization should take is to match the right volunteer with the right job.  Volunteers often serve as the face of a nonprofit organization, and they reflect directly on the organization. 

 

With technology playing a greater role in the day-to-day operations of nonprofit organizations, cybersecurity needs to be included on the risk management to-do list.  If the volunteer's activities require the use of the nonprofit organization's IT resources, the organization should implement appropriate security measures, such as requiring the use of strong passwords, changing those passwords on a regular basis, and considering whether the use of web filtering software to block inappropriate content is needed.

 

Volunteer roles can run the gamut from performing clerical tasks to performing maintenance or manual labor activities.  While these pose vastly different risk management challenges, they share characteristics including the need to train volunteers about their responsibilities and to think about potential risks.

 

Safety training is a critical part of risk management.  Along with the specific tasks that comprise a volunteer's duties, training should also
help alleviate any personal safety concerns.  This training can be made more effective by partnering a new volunteer with an experienced colleague to provide on-the-job training.  This teamwork can help reduce the risk of mistakes or volunteer nervousness that can lead to accidents, while also reinforcing the organization's commitment to volunteer safety and protection. 

 

It is also important to develop an incident response plan so volunteers know what to do if something goes wrong.  Creating and reviewing protocols for unplanned incidents can help ease negative effects on the organization. 

 

Lastly, it is important to maintain adequate insurance coverage to help mitigate potential fiduciary risks.

 

Adequate training, incident planning, and insurance coverage are important tools to help nonprofit organizations attract, protect, and retain valuable volunteers while enhancing the organization's strength and ability to serve its community.

 

For more information on how WKMR can help your nonprofit organization, give us a call or visit www.WKMR.com.

WKMR Sponsors Biz Connection Radio Show

WKMR is proud to sponsor the Biz Connection Radio Show, a weekly radio program hosted by Jim Rosetti & Ron Nielsen aimed at the business community. Business owners of large and small companies, and at all stages of their business life, are guests on the show.

Upcoming programs:

July 25 & 26 - Rebekah Hintzman of RUFF Academy - Real Life Training for Dogs.  Rebekah tells us how she turned her passion for dogs into her business!

August 1 & 2 - Fay Uraynar of Innovative Solutions 
We talk with Fay about her business and learn how she helps businesses grow and prosper.

The show is broadcast in the Milwaukee area on WZTI-AM 1290 & WZTI-FM 100.3 at 9 a.m. on Saturday mornings.  More information on the show can be found at http://bizconnectionwi.com/index.php

Upcoming Fraud Seminar
Fraud in Your Business - 
 What you Need to Know - Today. 

 

Wednesday, August 19, 2015 
7:00 a.m. - Registration & Networking
7:30 - 9:00 a.m. Presentation



Brookfield Suites Hotel & Convention Center 
1200 S. Moorland Road, Brookfield

 Learn from our panel of experts: 
Paul Sheahan CPA, CFE ~ Manager 
Winter, Kloman, Moter & Repp, S.C.
 * Common types of frauds committed in an organization. 
* Types of asset misappropriation schemes and methods to prevent and detect them. 

Jason Scherer ~ Vice President 
BMO Harris Bank 
* How easy is it for someone to infect your systems with a virus or Malware? 
* Best practices to help prevent fraud on your bank accounts. 

Michael Hanrahan ~ Shareholder 
Fox, O'Neill and Shannon 
* How should the issue be addressed when fraud is suspected? 
* What are the potential remedies? 

James Kennedy ~ Senior Systems Architect 
Information Technology Partners, Inc. 
* The new reality around IT security and what your IT team should be doing
* Authentication directions

To register, contact Cindy Gscheidmeier at 262-797-9050 or email CindyG@wkmr.com by August 13.


SPONSORED BY:

 

 


 

 

 

Contact us:


 

                Brookfield                                Oconomowoc

235 N. Executive Drive,        1040 Oconomowoc Parkway

             Suite 160                        Oconomowoc, WI  53066

  Brookfield, WI  53005                         262.567.6540      

          262.797.9050            

                               

 Watertown

138 Hospital Drive, Suite 100

Watertown, WI  53098

920.261.6767 

 

 

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At Winter, Kloman, Moter & Repp S.C., our not-for-profit team provides quality audit, accounting, tax, and consulting services to a variety of not-for-profit agencies, government funded businesses, private foundations, and assorted charitable organizations. Our experienced team has helped many not-for-profit organizations throughout Southeastern Wisconsin grow and thrive including:

  • Human Service Agencies
  • Cultural & Arts Organizations
  • Charitable & Religious Organizations
  • Educational & Day Care Institutions
  • Professional & Trade Associations
  • Assisted Living Facilities
  • HUD/WHEDA Housing Projects
  • Government-funded For-Profit Businesses

We concentrate on helping you best manage public or donated funds, analyzing how to get the most from your resources and helping you implement your plans to stretch every dollar. Our team of professionals understands your complex financial reporting needs, and will help you to accurately report your finances in an understandable way. We provide the independent audit and accounting services required by many of your funding sources by taking a value-added approach, implementing ever-changing tax reporting requirements, providing information technology consulting, and working with every aspect of your organization to support your success.

 

Not-For-Profit News - The Archives
  
For archived issues of Not-For-Profit News, click on the link below. 

Volume: 5  Issue: 3
In This Issue
 
WKMR

Not-For-Profit Team

 

Mark Potts 

CPA, PFS Shareholder

Paul Sehmer 

CPA 

Shareholder

Lawrence Gebhard 

CPA

Manager

Renee Bardenwerper 

CPA

Manager

Sandy Strelka 

CPA

Supervisor

Kensie Drinkwine 

Senior

 

 

Rick Grochowske 

CPA

Senior

Jeni Caldwell 

CPA 

Senior

Joclyn Anderson

Associate

 


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Winter, Kloman, Moter & Repp, S.C.