The Challenge

Since its inception, RAD-AID International has expanded to more than 6,100 volunteers in 20 countries.  Management desired real-time and meaningful programmatic and geographic data to monitor outcomes, allocate resources, and plan for continued growth.  Another operational imperative was a more efficient cloud-based volunteer expense reporting and reimbursement system. RAD-AID needed a partner with a strong track record of helping nonprofits improve and streamline financial reporting.

 

Our Approach

Tate and Tryon worked with RAD-AID’s management to understand its current and future financial reporting needs, as well as its strategic and operational objectives. By understanding our client and the way it does business, we developed a financial reporting framework that would provide timely, accurate, and meaningful information.

 

Results

We implemented an integrated, cloud-based financial management and bill payment solution that provided global real-time access to the organization’s financials, reports, and metrics in a secure online environment. Specifically, we accomplished:

 

  • Driving insights that count – RAD-AID is now able to track the number of hours volunteers spend in support of their mission. This insight allows the organization to better articulate the impact of their programs in conversations with funders.
  • Staff gained the ability to easily track, manage, and report financial data such as asset metrics and volunteer hours. This allowed for more efficient and effective resource allocation which was instrumental in funding, year-goal setting, and overall growth.
  • 6,100 volunteers can now easily submit expense reports and are reimbursed via Bill.com. Expense reimbursement is now streamlined, saving the organization significant time and money.
  • Management presents operational and financial metrics to the Board in a powerful analytical dashboard, providing greater insight into the programmatic impact that enables the board to better focus on strategy.

 

 

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INSIGHTS & RESOURCES

Tax-Exempt Organizations and 2017 Tax Reform

Posted on , updated on

Uncategorized11/23/2017

Dear Friends in the Tax-Exempt Community:
Below is a brief overview of the key tax reform proposals relating to tax-exempt organizations. As you know, Congress is currently putting together legislation to effect significant tax reform with a timeline of having it enacted this year. Although Congress is still negotiating, the following reform proposals may impact your […]

Royalty Income of Nonprofits is Being Targeted for Taxation!

Posted on , updated on

Uncategorized11/20/2017

The Senate Finance Committee’s version of the Tax Cuts and Jobs Act includes a number of items that would impact nonprofits.
Perhaps the most immediately significant is the provision that would call for taxing the revenue generated from royalties related to licensing a nonprofit’s name and/or logo. Royalty revenue has traditionally been exempt from income taxes. […]

How Could Federal Tax Reform Impact Nonprofits?

Posted on , updated on

Exempt Organization Tax11/17/2017

Uncategorized11/17/2017

By:  Doug Boedeker, CPA, Partner
It has been a challenge staying current on the twists and turns involved with the proposals for Federal Tax Reform. Many of the ideas within the tax reform package have a direct impact on nonprofit organizations.
Charitable deductions, executive compensation, employee fringe benefits, and intermediate sanctions are just some of the “hot […]

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