The nonprofit industry is faced with difficult challenges that result from limited budgets, increased focus on transparency, reputational risk, regulatory compliance, theft, and other emerging risks. Risk management is a necessary component of keeping your organization safe and thriving. A primary focus is to maintain their tax-exempt status. As such, nonprofits and charities are subject to specific rules set forth by the IRS. Nonprofits must demonstrate that they are using funds for charitable reasons and not for any type of personal financial or political gain.
Our assessment solution is designed to meet all the needs of nonprofits and charities. Easily assess physical security, cyber security, and compliance to regulations and policies. This can all be done in a centralized location with segmented access to users. Preventing fundraising fraud and theft becomes easy with regular assessments. RiskWatch also helps you document and complete IRS requirements and mature your risk management program. Save time time requesting, analyzing, remediating, and reporting on your data, which allows staff to focus more on reducing risk and meeting compliance.
You can tell RiskWatch has experience and expertise in risk management by looking at how SecureWatch is put together. The system combines ERM and compliance in a way both can be performed at the most efficient way possible. Its automation combines well with the maturity of data available in most of our assessment programs.
Real-time risk profiles and scores that update as changes occur.
Meet compliance requirements such as with the IRS or state charity laws.
Use customizable reports to provide high-level staff updates on objectives and progress on assessments.
Provides a comprehensive view of organizational compliance. Recommendations are automatically offered to identify and mitigate gaps and vulnerabilities.
Standardize and automate data collection, analysis, and remediation.
Creates a road map for evaluating vulnerabilities, identifying opportunities for security enhancements, and tracking progress.
Develop controls and tasks to mitigate all critical risks and work down as resources allow.
Hold team members accountable for assessment tasks with automated email reminders, recommended tasks, and activity logs.
In 2019, President Trump was ordered to pay $2 million to eight different charities as a fine for misusing the Trump Foundation to further his political and business interests. Trump made 19 admissions, acknowledging his personal misuse of funds at the Trump Foundation For more information, click here.