Social Current Releases Spotlight on Assessing and Managing Risk

Social Current’s Knowledge and Insights Center recently released an overview of assessing and managing risk for community-based human and social services organizations. Unexpected events, such as disasters, economic downturns, or sudden shifts in public policy, can often cause greater harm to these organizations because they often operate with limited resources, rely heavily on volunteers, and are sustained through government and philanthropic funding.

It is imperative that organizations are proactive and conduct regular risk assessment and mitigation planning to identify financial and operational vulnerabilities and develop plans that can be implemented quickly if adverse situations occur.

Effective risk management is also pivotal to maintaining stability and growth in uncertain times. It encompasses a systematic approach to identifying potential threats and opportunities, evaluating their likelihood and impact, and implementing strategies to moderate adverse effects while maximizing positive outcomes. This spotlight covers:

• Assessment and mitigation
  • Financial contingency planning
  • Disaster planning
• Tools and assessments
• Discussion questions for your board and leadership team
• Resources for further reading

Download the spotlight on assessing and managing risk online.

Social Current’s Knowledge and Insights Center provides human and social services organizations with the research and information they need to stay current and make informed decisions. In addition to a clearinghouse library, it offers resource collections on key topics, access to specialized databases, and research support from skilled librarians. To gain access, organizations can become a Social Current Impact Partner or purchase access. Contact us to learn more.

Additional Risk Management Resources

• Nonprofit Risk Management Center. Social Current network organizations, including COA accredited organizations and Impact Partners, receive complimentary membership to the Nonprofit Risk Management Center. This includes unlimited risk management support via phone or email, live and on-demand webinars, and discounts on many other templates and tools.
  
• Marsh McLennan Agency. Social Current Strategic Industry Partner Marsh McLennan Agency offers a dedicated, in-house risk management team that works with clients to uncover root-cause behaviors. With best practices and regulatory awareness at top of mind, they strengthen your organization’s safety and risk control measures.