Cash Is King

“Cash is king” is common phrase. In business, cash on hand (or financial reserves) is measured in how many days the reserves could cover operating expenses if revenues were suddenly shut off—much like an individual’s “emergency fund”.;Cash is valuable for many reasons. Cash provides flexibility to withstand market turbulence and unexpected interruptions in cash flow.;Cash allows investment in unexpected market opportunities.;Cash gives executive teams flexibility and peace of mind.

That said, where are health and human service organizations when it comes to cash on hand?;There is not a lot of . . .