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2015 Not-For-Profit Governance Survey Results


7/31/15

CohnReznick is pleased to announce the release of our 2015 Not-for-Profit Governance Survey results.
 
The members of CohnReznick's Not-for-Profit and Education Practice specialize in working closely with the boards and management of not-for-profit organizations to assist them in developing and implementing best practices in governance, financial, and operational policies and procedures. Now more than ever, our clients are asking us questions about audit committee effectiveness and risk detection and minimization strategies.

In our second annual survey, we focused specifically on not-for-profit stewardship and risk management issues. The collected data was then used to compile a full report for our clients and contacts to use in order to better gauge their current governance practices against those of other participants.

Key findings include:

  • 50% of the respondents reported revenue increases for their organizations of between less than 1% and 5% over the preceding year, and 28% of the respondents had increases greater than 5%.
  • 29% of the survey respondents indicated that their organization is planning to boost its spending on data security over the next year.
  • Only 30% of the respondents indicated that their organization has conducted an enterprise risk management assessment.
  • Nearly 25% of the respondents counted cybersecurity among the top three risks to their organization and another 57% said that cybersecurity is one of their top 10 risks.
  • Roughly half (51%) of the respondents reported that their audit committee monitors disclosed conflicts of interest.
  • Almost half of the organizations (48%) reported having an audit committee comprised of four to six board members.
     

View the
report online

 

 

Download the
PDF version

 

 

 

We hope that you will find the information of value and welcome your questions and comments.

For more information or questions, please contact John Alfonso, Partner, at john.alfonso@cohnreznick.com or 646-254-7415, or Kelly Frank, CPA, Partner and Not-for-Profit and Education Industry Practice Leader, at kelly.frank@cohnreznick.com or 973-403-7999.

View the 2014 Survey Results


This has been prepared for information purposes and general guidance only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

 

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