preventing financial abuse in your nonprofit
Leadership

Steps to Prevent Financial Abuse in a Nonprofit

The COO of Somerville Homeless Coalition in Massachusetts allegedly embezzled $108,000 over the course of 18 months around 2014-2015, according to an article in The Boston Globe. He reportedly used the company credit card for personal expenses and added his adult son to the nonprofit’s group health insurance. The embezzlement was discovered when he increased …