Not-For-Profit Consulting

Cardamel's not-for-profit solutions group understands the special financial management and reporting needs of not-for-profit (NFP) organizations.

Our team includes former NFP controllers and a seasoned CPA who as an audit partner for a local firm Denver, Colorado specialized in NFP audits, including A-133 compliance and assisted many 501( c )( 3 ) organizations in the completion of their annual 990 Federal Tax Returns.

We have the expertise to provide valuable insight and practical solutions to many of the challenges NFP leaders face on a daily basis.  Let us put our experience to work for you with Microsoft Dynamics SL solutions specially designed for NFP organizations, such as:

• Utilizing Dynamics SL, Cardamel provides complete fund accounting capabilities, including control of transfers from and between unrestricted and restricted funds.  NFP’s can track and report on multiple restricted funds across multiple budget periods and years with a full history of every budget revision.
• Cardamel helps NFP’s be “audit ready”
•  Audit fees are reduced by preparing the Statement of Functional Expenses (SFE) internally.
• One of our clients saved a full day on their audit by preparing the SFE with Microsoft FRx financial reporting and analysis software included with Dynamics SL
• Our NFP clients can easily produce 990 worksheets  and SFAS 116 and 117 statements
• Cardamel’s NFP customers have expedited their month-end closings
• Cardamel helps NFP’s produce GAAP-compliant monthly reports in the same format as their audited financials to increase board comprehension. 
• Using the project accounting capabilities in Dynamics SL, Cardamel gives NFPs visibility into performance of individual programs.  This facilitates analyses of services mix and optimization of resources.
• Cardamel helped a client implement the Dynamics SL project modules to improve tracking of programs and services which led to emphasis on its best performing programs and reduced administrative costs.
• Cardamel helps another client track multi-year projects including current and original budgets and expenditures.  Employees enter their time and expense to projects via the Web and managers easily track all costs associated with each program to determine the most efficient and effective allocation of resources.
• Program Managers access data through a familiar Web interface to perform tasks such as verifying program charges and expenses.