Without adequate financial resources, an organization is unable to achieve its mission and may not survive. Money consists of cash, checking and savings accounts, securities and other investments.
Goods involve merchandise or stock, supplies, and equipment.
Services are the programs and activities the organization offers to its clients. Accountants classify goods and services as resources because they have a value or may be used to create value or revenues. The risks in financial management are any actions that contribute to the reduction in value or loss of any of the organization's financial assets. Every organization should be aware of the possibility of a financial loss and take the appropriate protective actions. A financial loss can have a tremendous impact on a nonprofit.