The U.K. Charity Commission has set out a useful checklist of 15 questions for 'Trustees' (equivalent to board or management committee members) of charities to review their operations in light of the current economic downturn.
The Commission says:
"The checklist reflects a good practice approach that charities should use when regularly reviewing the way they operate, and this approach becomes especially important during an economic downturn."
While all questions may not be applicable to Australian conditions and to your organisation, the checklist could still be a useful tool for nonprofit boards / management committees and senior managers to direct their thinking about how to proceed and possibly turn difficult times to their advantage in some way. The checklist could be used as a general template for regular review of your operations even in good times.
You can view the checklist at the Charity Commission's website at http://www.charitycommission.gov.uk/tcc/ccnews29check.asp