Solid management maximizes your power to do good.
Nonprofit organizations are particularly sensitive to the financial squeeze of economic downturns. With fewer government and foundation dollars to go around, and individuals hard-pressed to donate to their favorite causes, it becomes ever more important for a nonprofit to manage its money carefully, do its work efficiently, and make the most of limited cash resources. When grant funds are available, it’s critical that the nonprofit can present a track record of solid financial management, including any reporting or metrics to show how effectively it put previous grant funds to use. This is especially true with federal grants with strict reporting requirements. Unfortunately, a great number of nonprofits fall well short of financial management best practices that can be burdensome and complicated.
REDW has extensive experience working with the nonprofit sector. Our expert accountants and consultants can help your organization create, improve, and maintain the strong financial and operational systems it needs to satisfy reporting and tax requirements, qualify for funding, and ultimately, achieve its mission.