Advisory Services

The Nonprofit Tale of Fraud, Prevention, and the Examiner’s Perspective

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For any nonprofit organization, uncovering fraud long after the fact can be a disappointing ending to what could have been a great story. Just take it from T&T Senior Audit Manager, John Kubichek who comes across fraud more often than he’d like. In this article, John shares his perspectives on how nonprofits can take a more proactive approach to fraud prevention and protecting their assets and mission.

Establish and Operate Compliant 401(K) Plans

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Plan compliance doesn’t need to be a barrier to offering a 401(k) plan to employees. Thanks to advances in technology, many 401(k) service providers are well-equipped to run the plan while you tend to your business’s needs. Establishing and maintaining a 401(K) plan that is compliant with federal regulations is demystified with this overview of necessary steps.

Where Should Your Nonprofit Be Taking a Second Look?

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Check out “10 Things Keeping Internal Audit Up at Night,” so you know where you should be taking a Second Look. Don’t hesitate to contact Tate & Tryon’s Outsourced Internal Audit experts to develop a plan that’s right for you. Outsourced Internal Audit Services for nonprofits is a cost-effective way to safeguard […]

Maximizing the Impact and Effectiveness of Board Service

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At Tate & Tryon, a firm focusing exclusively on nonprofit finance, we encounter highly motivated board members, but sadly, many dedicated board members don’t fully understand their responsibilities, particularly when it comes to financial governance.
The Antonin Scalia Law School at George Mason University, in partnership with Heidrick & Struggles, has recently released an excellent report […]

Case Study: Creating a Better Financial Strategy with Tate & Tryon

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The Challenge
A $100-million-dollar nonprofit accumulated a liquid reserve of $120 million, and The Board was at odds as to what their next steps should be. Some believed the reserve was excessive and were concerned about potential IRS problems, negative ratings by watchdog groups, and constituent perceptions about a large war chest. Others expressed concerns about […]

So What is a Risk Assessment?

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By: Charles Tate, CPA, Managing Partner
In the aftermath of high-profile scandals and failures, nonprofit boards have turned their attention to enhanced corporate governance, strategic planning, and risk management. All nonprofits face uncertainty and the challenge for management is to determine how much uncertainty to accept as it strives to meet its mission through the strategic […]

DOL Continues Outreach Efforts Aimed at Improving Audit Quality of Employee Benefit Plans

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In May 2015, the U.S. Department of Labor (DOL) released a report titled, “Assessing the Quality of Employee Benefit Plan Audits,” which noted that almost 40% of plan audits had “major deficiencies.” Included in the report were recommendations, one being that the DOL increase its outreach efforts to educate plan sponsors and administrators of employee […]

DOL Continues Outreach Efforts Aimed at Improving Audit Quality of Employee Benefit Plans

Posted on , updated on

In May 2015, the U.S. Department of Labor (DOL) released a report titled, “Assessing the Quality of Employee Benefit Plan Audits,” which noted that almost 40% of plan audits had “major deficiencies.” Included in the report were recommendations, one being that the DOL increase its outreach efforts to educate plan sponsors and administrators of employee […]

Financial Operations Policies Can Prevent Your Organization from Becoming a Risky Business

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Have you ever known any staff or board members that get excited about the prospect of developing policies?  Probably not. Policy development and updates can sometimes fall to the bottom of the priority list, but this practice can significantly increase your organization’s risk.
A comprehensive approach to risk management would be to create an enterprise risk […]

The Right Size, Right Fit

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