Dedicated to helping nonprofits fulfill their mission.

FL&S recognizes that nonprofit organizations face the same basic challenges as any business; allocating resources effectively, growing to support more services, staying financially viable, and providing accountability.  In addition to all of those challenges, nonprofit organizations face a myriad of challenges and financial situations unique to the nonprofit industry. Several FL&S team members also serve on boards of directors and committees of various nonprofit organizations.  This first-hand experience in the community strengthens our expertise and understanding of the tough decisions nonprofit executives face.

Our professionals serve as instructors for various not-for-profit associations.  Courses taught include courses on the fiduciary responsibilities of NPO board members, internal control, understanding NPO financial statements, managing a NPO as a business, forecasting and budgeting, cost allocations, adequacy of operating reserves and others.  One of our team members developed and presented a three part series on financial literacy for NPO executives several years ago at the request of the Maryland Association of NPOs.

Industry sector expertise:

  • Arts & Cultural
  • DDA providers
  • Foundations
  • Health Care
  • Higher Education
  • Member Associations
  • Private Schools
  • Social Service
  • Trade Associations
  • Labor Unions

Services provided:

  • Financial Audits
  • Audits under the Uniform Guidance (previously A-133 audits)
  • Employee Benefit Plan audits under ERISA
  • Compilations and reviews
  • Outsource accounting and bookkeeping services
  • Budgets and forecasts
  • Tax planning and preparation
  • Financing assistance
  • Agreed upon procedures
  • Start-up assistance (EIN and 1023 filings)
  • Fraud prevention, detection & investigation
  • QuickBooks installation and training
  • Internal control studies and assessments
  • In-service training for clients
  • Revenue recognition assessments
  • Expense allocation analysis
  • Internal control analysis, design and recommendations
  • General business consulting

For more information on FL&S Nonprofits Services, please contact Nicole Szarko