Nonprofit Organizations

Ever since our inception, we have served the nonprofit sector with a variety of services that are different from those of businesses and entrepreneurs. A nonprofit organization, defined by and driven toward a stated mission, requires a rare blend of managerial and enterprising skills all designed to ensure the public trust and its stewardship responsibilities. Risk and financial management are only two of many factors that management and the governing board of a nonprofit organization must face.

Our professionals can help you with these issues as part of a plan to ensure that you meet the requirements of grantors, federal agencies, governing boards, the IRS and others. Whether you need an audit conducted in accordance with generally accepted auditing standards, GAO standards or the provisions of OMB Circular A-133 including the new compliance supplement, we can help. We also offer consultation with accounting issues and financial statement presentation, reviewing, and developing and implementing internal controls. Additionally, we can assist you with tax compliance including the nuances of form 990, unrelated business-taxable income or other filing requirements of various state charitable organizations.

We currently serve more than fifty nonprofit organizations including health and human service providers, private schools and higher education institutions, trade associations, charitable, cultural and arts organizations, low-income housing projects including HUD-regulated entities, and churches and religious organizations.

Our services include:

  • Audits of financial statements including OMB A-133
  • Nonprofit tax and related reporting issues
  • Analysis of unrelated business-taxable income
  • Fund accounting
  • Employee benefit plan audits and related services
  • Internal control systems
  • Controllership
  • Budget and cash flow projections
  • Analysis of regulatory requirements
  • For-profit partnerships and structuring
  • For-profit partnership tax planning

“We have a close personal relationship with Whisman Giordano & Associates. It’s one of the building blocks of our success.”

Founder, CEO Large regional community organization

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