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Tricia Thomas

Partner

410.900.1381  | 

Tricia Thomas, CPA, has been helping nonprofits and business owners meet their financial goals for 33+ years. A long-time volunteer and board member, Tricia's passion for serving nonprofits extends beyond just audit and tax services.

 

You Might not know

Tricia met her husband at a review course for the CPA exam.

With 33+ years of public accounting experience, Tricia Love Thomas, CPA, an audit and accounting partner at Gross Mendelsohn, is a member of the firm’s Nonprofit Group. She has a long history of providing audit and tax services to nonprofits, including those that require a Single Audit (formerly OMB Circular A-133) under OMB Uniform Guidance, or an employee benefit plan audit.

Her commitment to the nonprofit sector does not stop with client service. Tricia has a strong commitment to community service. She serves as the treasurer and on the finance committee of the Education Foundation of Baltimore County Public Schools. Tricia is the former chair of the finance committee for the Catholic Community of St. Francis Xavier and a former board member for The Red Devils, a nonprofit organization that funds services to improve the quality of life for breast cancer patients and their families.

One of Tricia's passions is working closely with business owners to make sure the financial aspects of their business and personal lives are in sync. Her focus on the big picture – and on her clients’ goals – allow Tricia to deliver coordinated accounting and tax services that benefit both businesses and their owners.

Within the firm, Tricia oversees training and professional development for staff members. As Gross Mendelsohn’s director of learning, Tricia ensures that our staff members have the appropriate training from year to year. Tricia completed the BKR Leadership Institute, an intensive two-year program designed to develop the personal, interpersonal, managerial and organizational skills of participants.

Tricia earned the American Institute of CPAs’ Not-for-Profit Certification, which is awarded to CPAs who prove their proficiency in nonprofit financial reporting, auditing, governance and tax compliance.

Education

  • Bachelor of science degree in accounting, Mount Saint Mary’s College (1984)

Affiliations

  • American Institute of CPAs
  • ASAE - The Center for Association Leadership
  • BKR International
  • Maryland Association of CPAs
  • Maryland Nonprofits

More Fun Facts

  • After 12 years in Catholic school uniforms, khaki is her favorite color.
  • Tricia’s grandfather, James J. Lacy, served as comptroller of Maryland from 1947-1950 and was influential in instituting Maryland’s first retail sales tax.

Articles By Tricia

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 professional network by making new contacts and building connections with new businesses and organizations.

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Why Donor Retention Matters: 3 Ways to Increase Your Fundraising Dollars and Keep Donors from Leaving

Nonprofits spend a lot of time and effort looking for donors. However, for all the effort put into attracting and getting gifts from new benefactors, many organizations drop the ball when it comes to retaining those who have given in the past. While it is important to continually attract new donors to your nonprofit, your organization must be cognizant of whether new donors are giving past their initial contribution.

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Room for Improvement: 3 Essential Areas Nonprofits Should Focus On

No matter how successful your nonprofit is, there is always room for improvement. Nonprofits are businesses, and as such, are expected to operate as efficiently as their private sector counterparts despite having less resources, staff and funds to get the job done. This quest for efficiency often leads to cutbacks in essential areas, which, more often than not, ends up hurting an organization in the long run. But which areas should more nonprofits be paying attention to?

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