Module 10: February 4, 2022
Red Flags and Stress Tests
Instructor: Dr. Robert L. Fischer, Case Western Reserve University
After the 2008-2009 financial crisis, the federal government subjected the largest banks to “stress tests” to ensure that they would not fail in the next crisis. Similarly, nonprofits could benefit from risk-related audits that would periodically assess their vulnerabilities in crisis situations. Such tests would scrutinize various dimensions of vulnerability including financial, technological, human resource, and network relationships. In addition, nonprofit managers need day to day information that would signal potential trouble and raise “red flags” before the onset of crises. Current performance assessment and monitoring systems in nonprofit management are not well tuned to crisis situations but they can be enhanced to include resilience measures. In this module, participants will learn about performance measurement principles and potential crisis vulnerabilities and asked to design dashboards and stress tests for their own organizations.
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