$4M Non-Profit School and Membership Association
Client Goals:
The non-profit’s newly-appointed Treasurer on its Board of Directors needed reliable and accurate financial systems and reporting to ensure he could fulfill his fiduciary responsibilities. Additionally, the non-profit wanted to get accredited.
Pain Points:
The company’s accounting processes were severely deficient:
- Accounting services were provided by an acupuncture student trying to earn extra money on the side as a bookkeeper on the weekends
- Processes were manual, inefficient and lacked proper internal controls
- The company could not generate the requisite institutional-quality and audit-ready financial statements to achieve accreditation
ALC’s Solutions:
The company’s banker referred its new Treasurer to ALC. Our team:
- Implemented best-practices with state-of-the-art, cloud-based accounting, bill pay and payroll
- Created paperless processes, reducing the risk of employee fraud while safeguarding the company’s assets
- Provided audit-ready, accurate, reliable, timely financial statements that can be trusted by fiduciaries and third-parties
Client Benefits:
Within a few months of ALC’s engagement, the non-profit:
- Had trustworthy financial information, providing peace-of-mind to its Board of Directors
- Successfully expanded solicitations for donations and membership dues with greater confidence
