This document summarizes a presentation about keeping nonprofits compliant and reducing risk. It discusses common nonprofit horror stories that resulted from noncompliance or abuse of nonprofit status. It emphasizes the importance of compliance with IRS and state requirements, accountability in financial reporting and governance, and developing a risk management plan to prevent issues. It warns of "danger zones" like lobbying, charity gaming, and improper use of nonprofit status that could result in audits, fines, or revocation of tax-exempt status if not managed carefully. The presentation aims to provide best practices for nonprofits to safely navigate requirements and avoid common pitfalls.