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Approximately 20,000,000 of us volunteer as board members to govern nonprofit organizations. On an average day, there are 20,000 nonprofit board meetings spread across this country convening in restaurants, hotels, schools, missions, and other establishments where a few chairs can be gathered around a big table. Each nonprofit board is legally mandated by corporate charter to honor the mission and protect the assets of the corporation. Each board meeting is an opportunity to further the achievement of the organization’s mission, enhance fiscal viability, and enhance the value of the combined nonprofit community.

It is perplexing that approximately one third of these nonprofits, more than 450,000 organizations, operate perpetually in financial distress, i.e., the Zone of Insolvency, and approximately 7%, are totally insolvent.

The Zone of Insolvency is a period of corporate financial distress, sandwiched between solvency and total insolvency. Until now, most nonprofit board members have never heard of the Zone of Insolvency, do not know if their organization is in the Zone, and therefore do not understand their related legal responsibilities and liabilities.

I have created this free eBook (featuring excerpts from my new book, Zone of Insolvency) in hopes of helping board members avoid the Zone and stay focused on the business of doing good. The eBook contains 25 great questions to ask at your board meetings. I encourage you to share it with fellow board members and others involved with nonprofits.

Print the book out and bring it to your next board meeting. Don’t try to tackle them all in one meeting – that could be deadly. Maybe try asking five of these questions at your next meeting. Answer questions honestly and act on them effectively. The answers will help your organization avoid or escape the pitfalls of the Zone of Insolvency.