Print Friendly, PDF & Email

AAFCPAs to Present Educational Workshop for Aspiring Board Members on Fiduciary Responsibility & How to Read Nonprofit Financial Statements

AAFCPAs’ Partners Thomas Muldoon, CPA, CGMA and Matthew Troiano, CPA will present an educational workshop on Fiduciary Responsibility of the Board & How to Read Nonprofit Financial Statements to current and aspiring board members and nonprofit leaders serving the MetroWest Boston community. This workshop, scheduled for Friday, March 9th, is organized by the Foundation for MetroWest, an organization which serves as a convener and catalyst, coordinating resources across communities and among nonprofits to build collaboration, foster shared learning, and reduce redundancies.

Financial statements tell the organization’s story from a financial perspective and can be used as a tool to plan for the future. Understanding an organization’s financial statements is critical in order to meet your fiduciary responsibility as a board member and for management to effectively run the nonprofit organization.

In this session, Tom and Matt will provide aspiring board members and nonprofit leaders with an understanding of:

  • the fiduciary responsibilities of the board;
  • what the financial statement components mean and how to interpret them;
  • actionable guidance on the key benchmarks for targeting and tracking; and
  • how to measure your success and benchmark against goals.

Date: Friday, March 9, 2018
Time: 9:00-10:30 AM
Location: Whitney Place, Three Vision Drive, Route 9 West, Natick, MA 01760

Learn more and register. >>

AAFCPAs provides assurance, tax, and advisory solutions to 350+ local, national, and international nonprofit clients. Our depth of industry expertise coupled with our extensive exposure to the best practices in the sector makes us uniquely qualified to advise clients on running a highly efficient and effective organization. We are happy to share our expertise with the Foundation for MetroWest community, and to serve as a resource for local nonprofit organizations.

About the Authors

Matthew Troiano CPA
Matt is a hands-on leader in the firm’s community and economic development practice, serving community development corporations (CDCs), affordable housing and mixed-use real estate projects, and their lending institutions. He also has extensive experience serving multiservice human & social service providers. He advises these sophisticated nonprofits and their related for-profit limited partnerships, providing assurance solutions and assessing tax situations to help maximize profits while minimizing tax liability.
Thomas Muldoon CPA
Tom specializes in providing assurance, tax, and business consulting services to sophisticated nonprofit organizations, including: multi-service human & social service organizations, early education and care (EEC) agencies, independent schools, Massachusetts Chapter 766 schools, and higher education institutions. Tom specializes in audits in accordance with generally accepted auditing standards, Government Auditing Standards, Uniform Guidance and program-specific audits, as well as the Massachusetts Uniform Financial Report (UFR). Tom is a member of AAFCPAs’ Revenue Recognition Task Force, providing consulting solutions to clients for the efficient and effective implementation of the new ASU, including: assessing the impact of the new standards, and guidance throughout the transition process.