  The kind of realized mission inflows the sensitivity to risk. Among other
factors, the risk results from decision about liquid assets investment level
and liquid assets financing. The higher the risk exposure, the higher the level
of liquid assets. If the specific risk exposure is smaller, the more aggressive
could be the net liquid assets strategy. The organization choosing between
various solutions in liquid assets needs to decide what level of risk is
acceptable for her owners (or donors) and / or capital suppliers. The paper
shows how, in authors opinion, decisions, about liquid assets management
strategy inflow the risk of the organizations and its economical results during
realization of main mission. Comparison of theoretical model with empirical
data for over 450 Silesian nonprofit organization results suggests that
nonprofit organization managing teams choose more risky aggressive liquid
assets solutions than for-profit firms.
