Monday, April 03, 2006

RedOrbit - Technology - Financial Management in Government Entails Evaluating Nonprofits: Are You Ready for the Next Natural Disaster?

RedOrbit - Technology - Financial Management in Government Entails Evaluating Nonprofits: Are You Ready for the Next Natural Disaster?: "Financial Management in Government Entails Evaluating Nonprofits: Are You Ready for the Next Natural Disaster?

By Wallace, Wanda A

Government financial managers must be prepared to respond to diverse needs in extreme circumstances, such as those presented by a tsunami's destructive power or the wrath of a hurricane. Let's take a tsunami as an example. Assume that in the wake of the disaster, as a financial manager you are asked to identify outsourcers to deliver aid on behalf of your governmental unit.The outcry from both public and private sector has spawned numerous initiatives for gifting goods and services to the victims of the natural disaster.The role of your governmental unit is to coordinate these initiatives, selecting which nonprofit entities will be the authorized outsourcers and receive funding commensurate with the planned disaster relief program.You have been involved in public and private partnering in the past, as well as in outsourcing of government activities, but that has primarily involved businesses and governmental units rather than nonprofits. What first steps are needed for you to successfully evaluate the legitimacy, 'fit,'1 and financial viability of competing purveyors of goods and services within the nonprofit sector?This article outlines 10 steps to effectively address the task at hand."

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