Trying to satisfy everyone is usually a hopeless task, but nonprofit managers often find themselves having to keep various people, with different demands, as happy as possible.
Among those people who must be satisfied are regulators, at the federal, state or even local level. Sometimes one set of regulations can conflict with another, and even individuals can interpret things differently.
Speaking during the AICPA Not-For-Profit Financial Executive Forum, Pamela A. Mann, a partner in the firm of Carter Ledyard & Millburn LLP and a former regulator (in New York state), offered several tips for keeping on the right side of regulators.
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