Nonprofit & Foundation Advisory

Nonprofit & Foundation Accounting Advisory

Financial sustainability planning, compliance, and governance support for nonprofits and private foundations in Park City, Summit County, and Heber Valley.

Financial Planning for Nonprofits and Foundations

Nonprofits and private foundations are frequently under-resourced in the areas of forecasting, governance, and internal controls compared with a similarly sized for-profit organization. The sections below describe the specific services that close that gap — not general bookkeeping, but the planning and compliance work that determines whether an organization is financially sound several years out.

Sustainability

Financial Sustainability Planning

Financial sustainability planning starts with a multi-year budget model — typically a three-to-five-year projection built around known and expected grant cycles, membership or tuition revenue, and fixed operating costs. From there, the model is used to test specific scenarios: what happens if a major grant isn’t renewed, what an endowment can sustainably distribute without eroding principal, and how a new program’s costs compare with the funding sources expected to support it. The result is a working document a board can review and update each year, rather than a one-time projection filed away after the initial engagement.

Internal Controls

Operational Process & Internal Controls

Internal-control work for a nonprofit typically includes three specific pieces: a documented approval workflow for expenses and disbursements (who can approve what dollar amount, and what documentation is required), a monthly bank and account reconciliation schedule, and a board financial packet — a standard set of reports (budget-to-actual, cash position, restricted-fund balances) delivered on a consistent schedule so board members see the same information in the same format at every meeting. These are the pieces that hold up under an audit or a new board member’s questions.

Compliance

Compliance & Governance

Compliance and governance support covers Form 990 preparation and review, including the schedules most relevant to foundations and larger nonprofits — functional expense allocation, compensation disclosure, and grants awarded. It also includes board governance documentation, such as conflict-of-interest policies and financial oversight procedures, along with audit preparation: organizing supporting schedules and reconciliations in advance so an independent audit runs on schedule instead of uncovering gaps partway through.

Growth

Growth & Program Modeling

When an organization is planning to add a program, launch a capital campaign, or take on a new funding source, growth modeling means building a specific model for that decision: projected costs against expected funding, the break-even point if a new revenue source underperforms, and the staffing or overhead capacity required to support it before the expansion is committed to. This keeps growth decisions grounded in a number, not an assumption.

Specialization

A Particular Focus: Education and Private Foundations

Educational nonprofits and private foundations carry complexities that a general nonprofit engagement doesn’t always address. Private foundations must calculate and track a required minimum distribution based on average net investment assets, which has to be planned for alongside program budgeting. Restricted and donor-designated funds need to be tracked separately from general operating funds so they are never inadvertently spent on the wrong purpose. And organizations with multi-year program funding or an endowment need a spending policy that balances current program needs against long-term sustainability. These are the specific areas of focus for foundation and educational-organization clients.

Background

Corporate Background, Applied to Nonprofits

A corporate finance team builds scenario models — best case, worst case, and most-likely case — before committing to a budget, and documents control procedures so that no single person can both approve and process the same transaction. Applied to a nonprofit, the same scenario-modeling approach shows a board what happens under a funding shortfall before it happens, and the same control documentation is scaled down to fit an organization with two or three finance staff instead of a full department: fewer approval layers, but the same principle of separating who requests, approves, and records a transaction.

Fit

Who This Is For

Executive directors, board chairs, foundation trustees, and program officers at educational nonprofits, private foundations, and community organizations across Park City, Summit County, and Heber Valley — particularly organizations managing multi-year program funding restrictions or an endowment spending policy alongside their annual operating budget.

Families involved with a private foundation may also want to review Wealth Management & Estate Planning, where personal estate goals and a foundation’s distribution requirements are coordinated together.

Learn More

Ongoing tax, nonprofit, and advisory services are provided through Park City Tax Pro.

Visit Park City Tax Pro Wealth & Estate Planning