How much should Not-For-Profit entities have in cash reserves?

One of the vexed questions for boards of not-for-profit entities is what level of reserves the entity should hold as operational insurance. For many entities this issue is one that has been getting a fair bit of airtime in audit committees and governing body meetings. So what should a prudent organisation do? Should we use … Continue reading How much should Not-For-Profit entities have in cash reserves?