A nonprofit organization uses its surplus funds to pursue organizational goals and does not have a private owner but yet is subject to members or boards who are not responsible for its management. This situation requires a special approach which ensures surplus funds are used by the organization for its own growth and sustainability.
Thus, a non-profit organization faces considerable challenges for survival, especially in the present economic environment. It has become more difficult, time-consuming and expensive to raise money due to increased competition for fund-raising. Besides these factors, unfavorable conditions complicate the process of identifying, assessing and managing risk.
In order to cope with unstable financial conditions and safeguard its viability, it is essential that non-profits secure funding by demonstrating valuable program outcomes. This helps to illustrate their future achievements to stakeholders, thereby taking their organization to the next level in their life-cycle. Adequate funding is needed to improve the efficiency of operations while ensuring compliance with financial and regulatory requirements.
Horwath MAK branches have the expertise and industry knowledge to ensure that your non-profit organization is working at its full potential. These Horwath MAK branches are some of the few firms that still offer a full suite of services. We understand how strategies, processes and technologies need to work together in a non profit environment and how regulatory and tax issues can affect your business. After doing significant research on these challenges, we have developed customized services for non-profit organizations that are specifically designed to optimize organizational performance. Our team of professionals who are specialized in serving non-profit organizations offer a myriad of services to help you attain compliance and mitigate risk, reduce operation costs and communicate your achievements.
We serve a broad range of nonprofit organizations, including membership organizations, foundations, cultural arts, religious organizations, economic development corporations and human services organizations.