Qualitative Risk Assessment of Financial Resources of NGOs

Abstract

Non-governmental non-profit organisations have an important place in the society of the 21st century in the Czech Republic. These organisations involve civic associations, public benefit organisations, foundations and endowment funds, the Churches and religious societies in the Czech Republic. The aim of this paper is to find out various types of NGOs risks and recommend their management. The methodology is based on risk measurement in profit organisation assets. Weaknesses and threats were listed there for each financial source using a SWOT analysis. Risk of financial sources in NGOs is important to be controlled from the point of view of its long-term future financial stability. This paper deals only with qualitative risk assessment and gives recommendations to control risk mostly focusing on strict control, good information and professionalism in NGOs.

Keywords

• : risk analysis
• weakness
• threats
• non-profit non-governmental organisation