11:00 AM - 12:00 PM
Common Financial Management Challenges for Nonprofit Boards
Location: Room 153 | Katie Crawford and Laurie Hanson
Session Overview: This session will provide nonprofit board members with essential skills in financial management, focusing on maintaining financial integrity, effective budgeting and planning, and thorough financial statement review. Additionally, participants will learn how to review and understand Form 990 to ensure compliance and transparency.
Katie Crawford
Katie Crawford, Senior Audit Manager, Eide Bailly
Speaker Bio: On what inspires her, Katie said, "Eide Bailly is a firm that offers the experience of a large national firm, with the personal attention to our clients that provides a small firm feel. I enjoy working with my clients to provide insight and guidance for all aspects of their business." Katie joined Eide Bailly in 2011 and provides audit and accounting services to numerous industries including non-profit organizations, governments and healthcare organizations. When you work with Katie, you can expect open communication and the willingness to take the time to listen to your situation, understand your business, answer questions, and develop a plan that meets your expectations and your needs. Outside of work, Katie enjoys spending time with family, including her husband and two young children, running, spending time outdoors, cooking and volunteering in the community. Katie primarily works with non-profits, healthcare organizations and governments providing assurance services including audits, reviews and compilations. She provides accounting services in accordance with Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) for non-profit and governmental clients to help them ensure compliance with Federal program requirements. Katie provides clients with a wide range of industry experience and accounting standard knowledge to coach clients through new or recently issued standards impacting their organization.
Laurie Hanson, CPA
Senior Manager, Eide Bailly
Speaker Bio: On what inspires her, Laurie said, "The nonprofit sector is fueled by passion and purpose. Working with clients who have the best interest of others in mind is very rewarding. Their passion and the work they perform energizes me to provide the best service possible and look for opportunities to assist them in furthering their mission." Given the public nature of the Form 990, Laurie helps our clients develop a complete and accurate return that they can feel good about having in the public eye. Laurie provides nonprofit consulting services to assist clients in developing policies, understanding tax compliance responsibilities and responding to IRS notices. When you work with Laurie, you can expect her to take the time to listen to your situation, answer questions, and develop customized processes and procedures that meet the requirements under IRS guidelines. Outside of work, Laurie enjoys spending time with family, gardening, attending her book club, doing yoga, and volunteering in the community.