Periodic Risk Assessment Tools
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About This Document
This document lays out common areas of risk land trusts face and the likelihood that they will occur.
© 2018–2022 Land Trust Alliance, Inc. All rights reserved.
Goals
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Identify, analyze and prioritize legal and ethical misconduct and compliance risks
specific to the mission, operations and culture of the organization
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Develop and periodically refine risk management and monitoring approaches
Identify areas for deeper review and evaluation
Describe a benchmark for continuous risk assessment
Create measures of effectiveness of risk management
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Provide a basis for compliance, training and ethics programs
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Avoid complacency
Methods
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Consider types of risks the organization faces
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Organize by category
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Analyze the probability of occurrence by using a likelihood spectrum
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Analyze the severity of impact by considering
Organization’s culture and ethics
Ongoing compliance
Policies
Internal controls
Personnel awareness and sophistication
Organizational history
Intent
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Analyze the frequency of occurrence
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Identify alternatives and tools to manage
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Have a tracking and review process
Engage the board, volunteers, stakeholders and staff
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Exercise sound well-informed judgment
A Common Sense Guide to Risk Management for Land Trusts
This step-by-step assessment tool will help you write a customized risk management plan.
Introduction to Risk Management for Land Trusts
An eight-page introduction to principles, tools, frameworks and strategies for risk management
Developing a Risk Management Plan
This document walks you through developing a risk management plan for your land trust.
Risk Balancing Methodology and Risk Matrix Template
Land trusts are constantly balancing risk by assessing these profound changes and balancing the opportunities and risks they present. Using the following seven steps, your land trust can assess fully the impact on the organization of new (and old) challenges and opportunities.
Some Practical Risk Management Steps for Any Land Trust
Ann Taylor Schwing provides advice that land trusts can take to manage their risk, especially finances and legal documents.
Learn Practice Element 6E2: Carrying Appropriate Insurance
Land Trust Standards and Practices, Practice 6E. Risk Management and Insurance, include two elements. This module addresses Practice Element 6E2.
A Guide to Risk Management for Land Trusts
This book provides an introduction to risk management in order to equip your land trust with information, resources and suggested strategies for designing and implementing a practical risk management program.
Sample for Practice 6E: Risk Matrix
This is a sample matrix assessing scope scale severity of risk examples by Leslie Ratley-Beach of the Land Trust Alliance.
Managing Risk to Ensure Conservation Permanence
The Land Trust Alliance and Gathering Waters: Wisconsin’s Alliance for Land are collaborating to help you identify and assess risks using current risk management strategies that will help you ensure the permanence of your land trust and its conserved lands.
Sample for Practice 6B: Template for an Accounting Procedures Manual
This is a sample for accounting procedures from Deborah Connors, Meredeth Clark and Steve Zimmerman, C.P.A.