The nonprofit sector stands at a pivotal moment. Increasing social needs, economic uncertainties, and evolving donor expectations are reshaping philanthropy’s landscape. In this environment, the ability of nonprofits to sustain their missions hinges not just on passion or goodwill but on sophisticated financial strategies that...
As donor expectations, grant compliance requirements, and regulatory scrutiny continue to increase, audit readiness has become a strategic priority for nonprofit organizations. For controllers, CFOs, and finance leaders, being “audit ready” extends far beyond preparing for year-end fieldwork. It requires building a sustainable framework that...
At Blackman & Sloop, our nonprofit practice is built around experienced leadership and a deep understanding of the unique challenges mission-driven organizations face. From audit and assurance to advisory and outsourced accounting, our team works alongside nonprofit leaders to provide clarity, strengthen operations, and support...
As nonprofits navigate a challenging landscape shaped by economic uncertainty, delayed government reimbursements, shifting donor priorities, and growing service demands, maintaining financial stability requires more than short-term budgeting. True sustainability depends on a forward-looking strategy built on liquidity, flexibility, and preparedness. At the center of that...
When it comes to transparency and trust, few tools are as powerful, or as misunderstood, as IRS Form 990. For nonprofit leaders, this annual filing isn’t just a compliance requirement. It’s a narrative opportunity: one that speaks volumes to boards, donors, grantmakers, and watchdog organizations. But...
As nonprofit leaders look beyond 2025, one thing is certain — the years ahead will be defined by volatility, complexity, and opportunity. Federal policy changes, economic uncertainty, demographic shifts, philanthropic realignment, and rapid digital transformation are reshaping the nonprofit landscape. These forces are not uniform,...
In July 2025, the Financial Accounting Standards Board (FASB) issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. This update is especially helpful for nonprofits, as it simplifies how organizations measure allowances for credit losses, an...
For nonprofits, audit readiness has evolved far beyond simply ticking a compliance box. It’s now a critical part of building strong leadership, earning the trust of supporters, and demonstrating responsible stewardship of every dollar. When your financial information is clear, accurate, and timely, it sends...
The July 4 enactment of the One Big Beautiful Bill Act (OBBBA) marked a significant shift in U.S. tax policy, impacting nearly every sector — including nonprofits. While much of the media coverage has focused on corporate and individual tax changes, the nonprofit community must...
According to BDO Middle Market CFO Outlook Survey, 64% of chief financial officers (CFOs) believe environmental, social and governance (ESG) adoption will improve their organization’s long-term financial performance. However, for sustainability initiatives to succeed, ESG needs to be a cross-functional collaboration. Finance leaders must play a...
