Relief for Not-for-Profits Provided by New Accounting Standard

On May 30, 2019, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2019-06, a standard extending relief to not-for-profit entities with goodwill and certain identifiable intangible assets resulting from a business combination. The standard allows all not-for-profit entities to apply accounting alternatives that were formerly only available

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Measuring Nonprofit Financial Performance

Every organization, no matter what its mission, should periodically measure how well it fulfills that mission and how effectively resources are being utilized in the process. While the specific metrics that each nonprofit adopts to assess its performance will differ, certain key ratios should be used to effectively measure overall

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Funding & Staffing Challenges Continue for Nonprofits

Providing needed services and programming for individuals and families in need is what makes so many nonprofits essential to various communities. Whether it’s offering career training, educational support and enrichment programs for at-risk youth or housing solutions for those in transition, these organizations are critical in the lives of many.

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