Does Your Nonprofit Need Financial Expertise?
Over the years, the CFO Business Builder Program has seen nonprofits faced with the same fiscal and management problems as other businesses. Focusing with passion on the mission and the desire to do good, nonprofits management often makes the mistake of ignoring internal financial systems. What nonprofits need to understand is the crucial need to have sound financial processes to support the organization.
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Experienced in nonprofit operations, nonprofit accounting including 2 CFR Part 230 (OMB A-122) A-133, Form 990, the financial experts at can guide your nonprofit through the maze of government accounting and compliance as well as monitoring restricted funds and contributions.Instead of confusing accounting practices and difficulty in managing required reporting for various parties, your nonprofit can experience the financial management stability that leads to higher donations and better mission execution. To ensure ongoing success, we educate your management team as to ‘warning signs’ and ‘questions to ask’ to ensure the future financial health of your organization.
All of us at Thompson & Company understand the complex rules and hurdles that nonprofits face and we have experience handling them, including:
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Financial and grant audits
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Financial reporting for internal and outside parties
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Development support-grant budgets that make sense
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Board reporting-key elements
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Grant management-supporting program operations
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Cost allocation strategies
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Government grant compliance
