By Carla DeMartini, CPA Due to its mission-driven purpose, a nonprofit organization’s financial and operational sustainability is significantly impacted by its environment. Natural disasters, economic slowdowns, and unforeseen events are just a few factors that can adversely affect nonprofit organizations. That is why a strong internal...
Completion of the Data Collection Form on the Federal Audit Clearinghouse (FAC) Internet Data Entry System (IDES) System The FAC has noted that when auditees are preparing their data collection form submissions on the FAC IDES, they should not utilize Google Chrome. The FAC has noted...
As the coronavirus pandemic swept across the United States, leaders at all levels found themselves faced with the sudden need to make key decisions. Some did so successfully, others did not. According to a recent article from BDO USA, one of the main distinguishers of...
As COVID-19 continues to disrupt all facets of everyday life and the economy, leaders across industries are trying to simultaneously understand the full scope of the impact to their organization and devise a plan to move forward in a rapidly changing environment. In the nonprofit and...
Members of the Blackman & Sloop Pharmacy team - Andrea Eason, Neely McLaughlin, and Christy Fasciana - recently presented a webinar for Waypoint Pharmacist Advisors. The information focused on recent legislation signed into law - the CARES Act. The team provided an overview of the...
Nonprofit organizations and higher education institutions have been hard at work trying to help the world navigate the novel coronavirus (COVID-19) pandemic. While trying to maintain focus on their missions, these organizations and institutions face massive uncertainty in the face of COVID-19, including financial turmoil,...
Now present on every continent except Antarctica, COVID-19 has infected more than 125,000 people, and is responsible for more than 4,600 deaths. With the number of cases in the U.S. continuing to climb, individuals and companies alike are taking steps to prepare for a pandemic. From a...
This article discusses how pharmacy owners can use their data to make smarter choices. By utilizing the information found in three routine financial statements, pharmacy owners can gain confidence and improve the bottom line of their business. These financial statements include; balance sheet, income statement,...
This article acknowledges how difficult it can be to run and operate a nonprofit organization. However, with the help of these technology trans, that workload can be simplified or even automated. For example, these trends include the use of artificial intelligence, machine learning, and donor...
This article discusses how running and operating a nonprofit business can be challenging in of itself, but with best practices put in place, can also be rewarding and insightful. Maintaining volunteers is essential to any nonprofit, and these six tips can go a long way...
