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Posts by Tricia Love Thomas

3 Financial Ratios and Benchmarks Nonprofits Must Know

Financial ratios and benchmarks can be used to assess the financial health of your nonprofit. These ratios and benchmarks can help management make decisions regarding organizational strategy and budgeting and, ultimately, help your nonprofit manage its...
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5 Questions to Ask Before Hiring a New CFO for Your Nonprofit

Hiring a chief financial officer for your nonprofit and hiring the right CFO are two very different things. While some accountants get their start at for-profit businesses, nonprofits have specific accounting and tax needs that differ from how accounting...
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Nonprofit Board Management: Tips from Board Veterans

Managing the board or serving on the board of a nonprofit can be tough. To help, we asked two members of our Nonprofit Group — Lisa Johnson, CPA, and Richard Wolf, CPA — about their experience working on various nonprofit boards.
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Nonprofit Accounting Tips from Nonprofit Auditors

We sat down with Lisa Johnson, CPA, and Richard Wolf, CPA to solicit a few tips from their experience working with nonprofit organizations.
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7 Tips for New Board Members from a Board Veteran

Everyone starts somewhere, even nonprofit board members. Serving on a board is not only gratifying, but it also gives you an opportunity to share and develop your expertise and skills to help an organization grow. As a board member, you will grow your...
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Did Your Maryland Nonprofit’s Exemption Certificate Expire?

If your Maryland nonprofit has an exemption certificate, it may have expired on September 30, 2017. An exemption certificate is a wallet-sized card with the holder’s eight-digit exemption number.
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