What are the Finance and Governance Pressures facing the Australian NFP Sector?

Below are 10 of key findings from the Institute of Community Directors  2015 Not-For-Profit Finance & Governance Insights Report. Some of the key findings include:
Infographic_CommunityDirectors-NFP-Finance-and-Governance-Insights

 

  • 56% of respondents agreed that most board members had a good understanding of their organisation’s finances.
  • 53% of community groups have difficulty recruiting treasurers to oversee their finances
  • 6% of organisations surveyed had experienced fraud in the past three years
  • 31% of organisations believe they don’t need any formal risk management processes
  • 63% of large not-for-profits rely primarily on government contracts and grants for funding,
  • 29% of respondents say their organisation isn’t doing enough to protect against cyber-crime,
  • 85% say it’s becoming harder to find consistent and regular funding.
  • 20% of organisations say the past year has been the most challenging year for raising revenue in their history.
  • 15% of respondents said they expected to take part in a merger in the next 12 months.
  • 56% of organisations are feeling the pressure to reduce their overheads.

 

 

 

For the comprehensive report you can download it from communitydirectors.com.au