Our fractional CFO service provides you with a clear financial picture, an action plan to reach your goals, and checks in regularly to make sure your organization stays on track
Crafting a resilient financial future is paramount. We delve deep into developing long-term strategies that resonate with your organization's mission and vision. Our approach emphasizes proactive identification of potential financial risks and opportunities, ensuring your non-profit remains agile and focused on its core objectives
Budgeting isn't just about numbers; it's about enabling impact. Our team excels in creating annual budgets that reflect both programmatic needs and realistic fundraising forecasts. Through periodic financial forecasting, we help non-profits anticipate and adeptly navigate any cash flow challenges that may arise
Grants are a lifeline for many non-profits. We provide meticulous oversight of grant budgets, ensuring full compliance with grantor-specific financial stipulations. Beyond reporting, our expertise aids in optimizing grant allocation across diverse programs, maximizing the reach and effectiveness of each dollar received.
Transparency and insight are core tenets of our financial reporting services. With regular financial statements and in-depth analyses, we equip non-profits with a clear picture of their financial health. Furthermore, we take pride in presenting actionable financial insights to Boards, ensuring informed decision-making at the highest levels.
Cash flow is the heartbeat of your organization. We specialize in monitoring and projecting cash flows, a vital service given the often-seasonal nature of donations. Our strategies also encompass the careful management of restricted versus unrestricted funds, ensuring each is utilized optimally.
Protecting your organization's assets and reputation is crucial. We establish robust internal financial controls to prevent potential fraud or misallocations. Beyond just setup, we ensure your non-profit remains compliant with evolving state and federal financial regulations, safeguarding your organization's integrity.
Audits, while necessary, can be daunting. We act as a liaison with external auditors, ensuring smooth annual financial audits. Post-audit, we're not just about findings but also about solutions. We actively implement recommendations, fortifying your organization's financial practices.
Navigating the tax landscape as a non-profit requires finesse. We oversee the meticulous preparation of annual tax returns, specifically the Form 990. More than just compliance, we ensure your organization continues to meet the rigorous requirements of its tax-exempt status.
Endowments and reserves represent both responsibility and opportunity. We devise strategies for judicious management and growth of these funds. By aligning investments with your organization's risk tolerance and objectives, we aim to ensure financial sustainability and growth.
Every donation tells a story. We offer financial analysis that bolsters fundraising strategies and campaigns. By providing metrics and data, we help demonstrate your organization's financial stewardship, building trust and attracting potential donors
Each program is a commitment to your cause. We assist in the financial oversight of individual initiatives, ensuring funds are allocated efficiently. Through rigorous cost analysis, we help ensure maximum impact, allowing each program to thrive and achieve its objectives.
Empowerment through knowledge is key. We offer tailored training sessions, ensuring your staff and volunteers are well-versed in your organization's financial processes. By developing comprehensive financial policies and procedure manuals, we foster a culture of financial transparency and accountability.
A CFO tracks profit and cash flow, analyzes a business’ financial strengths and weaknesses, and proposes corrective actions. While employing an in-house CFO can cost you upwards of $150,000 per year, a fractional CFO gives you the same skills and service at a fraction of the price tag.
All of our packages are completely customized, charged on a flat monthly fee. You’ll know exactly what to expect each month and there will never be surprise costs.
Working with Wallace Consulting, LLC means you receive the full service, from financial assessment to review and presentation to ongoing support.
We meticulously assess every inch of your business’ finances so we understand the full scope of your business, identify any problems, and work out how to resolve them.
We review our findings and present them to you in an easily understandable and digestible way, so we’re all clear and on the same page moving forward.
As part of our full service, our commitment to you doesn’t end there. We provide ongoing support to you so you know you can count on us whenever you need us.
When a full-time CFO doesn’t fit into your budget, a fractional CFO can and will.
More than just accounting and bookkeeping, a fractional CFO looks to your future with you and maps out how to get you there.
Thanks to the costs you’re saving with a fractional CFO combined with their wealth of expertise, you'll increase surpluses to create a greater impact.
A fractional CFO will assess and manage your financial risks, protecting your vital assets.
Whether you’re just starting out or have been in business for a while, a solid financial foundation is key.
A fractional CFO, with their 10+ years of experience, can answer auditor questions and take the lead for you.
A fractional CFO is a Chief Financial Officer (CFO) that a business outsources rather than hiring a full-time, in-house CFO.
When you work with Wallace Consulting, LLC you get the benefit of a CFO for a fraction of the cost if you were to hire someone full-time.
You’ll finally understand the financial health of your organization – and what to do about it. We will be your go-to financial guide!
We help nonprofit leaders that are feeling stuck in their organization, are struggling with controlling their growth, or are unsure of the best next steps for them to take. We analyze their financial health and provide them with one clear path to a growing and more profitable organization.
Being a non-profit leader can be lonely. When you hire Wallace Consulting, LLC we come along side you every step of the way. You will no longer have to be in it by yourself!
The cost varies from client to client and is based on your current gross revenue, number of years in as an organization, and your business size. We want to meet our clients where they are.
When it comes to numbers, we not only see them for what they are— we also see what they represent, and what they could represent in the future.
With traditional accounting services, the work ends when the report is done. We take it a step further and work with you to understand what’s working, what’s not, and how to make any changes you need to lead you to long-term success.
When you want to grow your impact and mission but you’re not sure how you can do so as a small or medium-sized organization, we’ve got the solutions you need.
We’re humans, not machines, and we see you for the human you are as well. Numbers are a big part of our job, but they’re not the only thing we excel at.
At our core, we value accountability, growth, integrity, respect, and teamwork. You can trust us to lead you down the path that’s best for you.
We’re well-versed in helping small and medium-sized organizations to meet and exceed their financial goals.
