SKR Nonprofit Newsletter
Spring 2011
Does your board "get" your financials?
Not all of a nonprofit’s board members may really understand the numbers they receive and what they mean to the organization. This article offers ways to help make this information clearer, beginning with understanding the members’ varying levels of expertise and how to improve their knowledge. It then offers concrete examples of effectively communicating information through pie charts, bar graphs and financial ratios. A sidebar mentions the importance of conducting a cash flow analysis.
Full Article
Checklist for an effective audit committee
 No matter how long an audit committee has been up and running, the board of directors should monitor its performance. How is the committee doing in regard to overseeing the organization’s processes for financial reporting, internal controls and the audit? Is it ensuring that the not-for-profit complies with applicable laws and regulations and a code of conduct? This article provides a checklist designed to give a broad reading on how an audit committee is doing.
Full Article
Lobbying by the book
Straying from IRS requirements for lobbying could jeopardize a nonprofit’s tax-exempt status. This article explains the difference between lobbying and advocacy, and the circumstances under which nonprofits are allowed to lobby.
Full Article
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Meet our Nonprofit Specialists!
Steve Hochstetter, CPA, CVA, Audit Partner
Jeff Talus, CPA, Tax Partner
Stockman Kast Ryan + CO nonprofit services include:
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Tax preparation
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Audits and reviews of financial statements
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Compliance audits with OMB Circular A-133
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Cash flow projections and other consulting services
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UBIT (Unrelated Business Income Tax) consulting
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Internal control reviews
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Bookkeeping
For more information on any of our nonprofit services, please contact us at (719) 630-1186.
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