NONPROFIT BOARDS RECEIVE MIXED REVIEWS IN LATEST MARKS PANETH SURVEYAugust 28, 2017
New York, NY (August 28, 2017) – The most recent edition of Nonprofit Pulse, a national survey of nonprofit leaders and executives undertaken by leading accounting, tax and advisory firm Marks Paneth LLP, asked survey respondents to rate their board across a variety of categories.
While overall board turnover was low, respondents to the Summer 2017 survey indicated that there was room for improvement among their experienced board members. Based on a five-point scale, boards were rated in the following categories:
- Mission alignment (4.1)
- Organization oversight (3.7)
- Financial strategy (3.5)
- Community relations (3.0)
- Board diversity (2.7)
- Fundraising effectiveness (2.7)
Using correlation analysis, the survey also found that organization oversight, financial strategy and fundraising effectiveness had the most significant impact on overall board performance ratings.
“With the majority of nonprofit leaders expecting industry conditions to deteriorate in the next 12 months, the role of board members has never been more vital,” says Hope Goldstein, Co-Partner-in-Charge of the Nonprofit, Healthcare & Government Group at Marks Paneth. “The importance of oversight, financial strategies and effective fundraising support cannot be emphasized enough.”
The survey also explores nonprofit leaders’ views of public and private funding sources, the burden of SROI, and the most frequently utilized fundraising strategies.
The Nonprofit Pulse represents the findings of a survey of nonprofit leaders across the United States. Participants include Board Chairs, Presidents, Executive Directors, Chief Executive Officers, Chief Financial Officers, Treasurers and other professionals working in a wide range of organizations in the nonprofit sector.
The research employed self-administered questionnaires completed online by respondents. Marks Paneth, the research sponsor, supervised development of the survey questionnaire, and Business Research Solutions managed the research project. Interviews were completed during May 2017.
About Marks Paneth
Marks Paneth LLP is a premier accounting firm with origins dating back to 1907. With a team of nearly 700 professionals, the firm provides a full range of audit, accounting, tax and consulting services, with specialties in international tax, forensic accounting, litigation support, family office and financial advisory services.
Marks Paneth professionals deliver expert knowledge in a wide range of industries, including real estate, hospitality and restaurants; nonprofit, government and healthcare; manufacturing, wholesale and distribution; theater, media and entertainment; high-net-worth; and financial and professional services. The firm offers expanded resources through its membership in Morison KSi Ltd., a global association of professional service firms serving clients’ cross-border accounting, tax and consulting needs.
Headquartered in New York City, with additional offices in New York State, New Jersey, Pennsylvania, Washington, DC and Florida, Marks Paneth is ranked by Accounting Today as the 30th largest accounting firm in the nation and among the top 10 in the Mid-Atlantic Region. For more information, visit www.markspaneth.com.