Institutions ranging from nonprofit umbrella groups to regulators also support better risk management. This report outlines concrete steps that organizations can take to manage risk better. These recommendations come from a study of New York City nonprofits by SeaChange Capital Partners and Oliver Wyman on how to adapt private sector risk practices to nonprofits. It was motivated by recent failures and a concern that nonprofits face an increasing number of risks, including rising interest rates, the move to value-based payments in healthcare, and increased real estate costs. Organizations that don’t adopt better risk management may find themselves in an increasingly precarious situation.
Authors:
Dylan Roberts – Partner, Oliver Wyman
George Morris – Partner, Oliver Wyman
John MacIntosh – Partner, SeaChange Capital Partners
Daniel Millenson – Associate, SeaChange Capital Partners
