Free

Financial Responsibility of the Board & How to Read Non-Profit Financial St...

Event Information

Share this event

Date and Time

Location

Location

Whitney Place

Three Vision Drive

Route 9 West

Natick, MA 01760

Event description

Description

Financial statements tell the organization’s story from a financial perspective and can be used as a tool to plan for the future. Understanding an organization’s financial statements is critical in order to meet your fiduciary responsibility as a board member and for management to effectively run the nonprofit organization.

Learning objectives:

After this session, you will walk away with an understanding of:

  • The fiduciary responsibilities of the board
  • What the financial statement components mean and how to interpret them
  • Actionable guidance on the key benchmarks for targeting and tracking
  • How to measure your success and benchmark against goals

Who should attend: Current and aspiring board members; nonprofit leaders

About the presenters: Matthew Troiano, CPA and Thomas Muldoon, CPA, CGMA of AAFCPAs

Matthew Troiano, CPA

Matt is a hands-on leader in the firm’s community and economic development practice, serving community development corporations (CDCs), affordable housing and mixed-use real estate projects, and their lending institutions. He also has extensive experience serving multiservice human & social service providers. He advises these sophisticated nonprofits and their related for-profit limited partnerships, providing assurance solutions and assessing tax situations to help maximize profits while minimizing tax liability.

Matt serves as an active member of the firm’s Accounting and Assurance Committee and Community Economic Development practice. He delivers professional training on risk assessment standards, cost certification and related tax filings, job efficiency, and small business fraud risks.

Thomas Muldoon, CPA, CGMA

Tom specializes in providing assurance, tax, and business consulting services to sophisticated nonprofit organizations, including: multi-service human & social service organizations, early education and care (EEC) agencies, independent schools, Massachusetts Chapter 766 schools, and higher education institutions. Tom specializes in audits in accordance with generally accepted auditing standards, Government Auditing Standards, Uniform Guidance and program-specific audits, as well as the Massachusetts Uniform Financial Report (UFR). Tom is a member of AAFCPAs’ Revenue Recognition Task Force, providing consulting solutions to clients for the efficient and effective implementation of the new ASU, including: assessing the impact of the new standards, and guidance throughout the transition process.

Tom advises clients in the areas of financial management policies & procedures, unrelated business income tax (UBIT) exposure, capital campaigns, operational budgeting and forecasting, revenue recognition, and implementing internal control structures with limited resources. In addition, many of AAFCPAs’ clients have large endowment portfolios and, as such, Tom has expertise in advising on educational asset & endowment management and alternative investments. He has been serving AAFCPAs’ clients since 2001.

Share with friends

Date and Time

Location

Whitney Place

Three Vision Drive

Route 9 West

Natick, MA 01760

Save This Event

Event Saved