Public
Trust in the Public Face of Charities - This essay suggests that
questionable quality of reporting by charities on Form 990 (the only public
disclosure required of charities by government) constitutes a crisis of
trust between charities and the people who rely on their financial reports
when making giving decisions.
Independent Sector's efforts on filing
990s electronically for greater fiscal transparency, timeliness and
accuracy.
Blackbaud provides many articles
about nonprofit fiscal transparency. For example, see the article on Fostering
Fiscal Transparency which offers a number of specific tips for improving
transparency.
Many nonprofits traditionally have prepared Balance Statements and
Income/Expense Statements. Two of the best tools to add to this are Cash
Flow Statements and an Evaluation of Return on Assets. This for profit
sector resource may be adapted by nonprofits.