Sounding the Alarm: A Crisis in Nonprofits and the Urgent Need for Stronger Board Governance
Memphis has recently witnessed a disturbing trend: four major nonprofits have closed their doors within the last six months. These are not small, barely functioning organizations. In fact, they are well-known organizations with a long history in our community. More nonprofits are, behind the scenes, underwater, and we will see more of these closures coming. […]