You need to know where your organization's foundation stands fiscally to determine if it's where you want to be or if you need to change course. For example, an assessment that returns a healthy fiscal picture might provide your foundation the confidence to pursue new programs or initiatives that will help fulfill your mission.

Conversely, identifying unhealthy trends in financial health might allow you to take corrective action before little problems develop into larger issues. After all, if you ignore the failing financial health of your foundation, you could risk losing donors and new supporters. Now that I've convinced you of the importance of such an assessment, here are the steps required for conducting one:

Please click here to read the complete article from Associations Now.