A financial dashboard can take your nonprofit where it wants to go

November 17, 2022

Does your board have a quick and easy way to assess your not-for-profit’s financial performance? It does if it has a dashboard with carefully chosen and up-to-date key performance indicators (KPIs). Waters|Ortiz can help set up dashboards to provide critical information to multiple audiences regarding specific goals and fundraising campaigns. Here’s how you can get started. […]

New accounting rules for supplier finance programs

November 10, 2022

Does your company use supplier finance programs to buy goods or services? If so, and if you must adhere to U.S. Generally Accepted Accounting Principles (GAAP), there will be changes starting next year. At that time, you must disclose the full terms of supplier finance programs, including assets pledged to secure the transaction. Here are […]

Lost your tax-exempt status? Here’s how to regain it

November 2, 2022

So you forgot to file your not-for-profit’s Form 990, 990-EZ, or 990-N with the IRS. It can happen — particularly with newer organizations that are still trying to get a handle on all the financial and regulatory requirements of running a nonprofit. However, if you forget to file three years in a row, you could face […]

FASB proposes last-minute changes to lease accounting rules

October 19, 2022

Accounting Standards Codification Topic 842, Leases, requires organizations to report the full magnitude of their long-term lease obligations on their balance sheets — a historic first. For private companies and nonprofits, the changes take effect this year. Public entities adopted the rules in 2019. While the Financial Accounting Standards Board (FASB) conducts its post-implementation review […]

Is it time to review and refresh your nonprofit’s board?

October 18, 2022

Perhaps your not-for-profit has lost a few board members in the turmoil of the past few years. Or maybe your current lineup simply isn’t meeting your organization’s leadership challenges. There are many reasons to review and rebuild a board of directors. But there’s no excuse to ignore problems and hope they’ll work themselves out. Here’s […]

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