Upright Ministries
Thursday, October 19, 2017

Types of Risk


1. a source of danger; a possibility of incurring loss or misfortune
2. a venture undertaken without regard to possible loss or injury
 


Risk is what can lead to success or failure. Often times we have to take risks to reap rewards. But if we are not careful, risks can have a far more negative impact on a ministry than positive. Are you taking risks? Intentionally or Unintentionally? There may be many risks you and your ministry are taking that you don't even realize. This is a list of Personnel and Financial Risks that can lead to trouble if they are not addressed. Review these lists to see what risks you've missed addressing in your ministry and then learn about why you should be concerned...
 
Personnel Risks:
  • Negligent Hiring
  • Negligent Supervision
  • Negligent Retention
  • Discrimination
  • Sexual Harassment
  • Sexual Abuse
  • Personal Liability
  • Counseling Risk
  • Personal Injury
  • Wrongful Termination
  • Failure to Manage
  • Understated Payroll Tax Reporting
Financial Risks:
  • Embezzlement
  • Forgery
  • Theft
  • Cash Management
  • Negligent & Incomplete Reporting
  • Ignorance of IRS Tax Codes
  • Inept Employees
  • Untrained Employees
  • Absence of Processes
  • Poor Management
  • Tax Exempt Status
  • Unrelated Business Income
  • Improper Substantiation of Expenses
  • Uninsured losses