Thursday, January 22, 2009

Nonprofit groups need reserve cash, too - Business - San Luis Obispo

Nonprofit groups need reserve cash, too - Business - San Luis Obispo: "Most financial planners use this same guideline for individuals and families. Lenders cite such reserves in calculating creditworthiness.

So shouldn’t a reserve fund at least one indicator of a well-run nonprofit organization? Shouldn’t donors be attracted to well-run organizations?"

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