Posts Tagged ‘Operating Reserves’
by Jennifer McVey, CPA and Amanda Meko, CPA | Team Members of the NFP Services Group
Nonprofits often ask their advisors how to look at an operating reserve: Is it cash set aside for a rainy day? Is it the same as an organization’s net worth? How much is too little — or too much? Nonprofits often ask their advisors how to look at an operating reserve: Is it cash set aside for a rainy day? Is it the same as an organization’s net worth? How much is too little — or too much