A Five-Decade Tradition of Helping Not-for-Profit Entities
Walker & Armstrong is a leader in providing valuable professional services to not-for-profits, including a number of Arizona’s largest and most highly regarded entities. We enjoy long-standing professional relationships with:
- Membership organizations
- Charitable organizations
- Charter schools
- Colleges and universities
- Foundations
- Religious organizations
- Arts and cultural organizations
- Labor unions
- Political action committees
- Private industry councils
We are current on the accounting and tax reporting requirements that are unique to not-for-profit entities, including Form 990, unrelated business income tax (UBIT) calculations and reporting, mergers and acquisition reporting, contributions of cash and donated services, and long-lived assets and restricted net asset reporting.
Practical Resources for Not-for-Profits
Essential Services
Audits, Reviews and Compilations. Walker & Armstrong is a leader in performing quality and timely audits for clients in all major economic sectors. An audit is a review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice. An audit provides the highest level of assurance and is often required by lenders, funding agencies and other stakeholders.
We perform compilation and review engagements for not-for-profit entities, privately held companies, and county, municipal and tribal governments.
Pre-Audit. By paving the way for your annual audit, an efficient pre-audit
facilitates a smoother, quicker, less disruptive and less expensive annual audit.
Our valuable “pre-audit” services, which make up the first step in the process of an audit, include project management and staff training in audit preparation.
During a pre-audit, we assist our clients in the preparation of audit schedules and supporting documentation necessary to facilitate a more timely and efficient audit process. We also will prepare financial statements and supporting schedules.
Accounting and Advisory.
We provide accounting and consulting services to our non-attest clients, including audit preparation, financial statement preparation, and advising on QuickBooks.
Forensic Accounting and Financial Investigations.
Clients have called on Walker & Armstrong to ensure the integrity of their internal controls, investigate suspected fraud or misappropriation of funds, and produce reports on matters of interest to governing bodies, management and funding agencies.
Tax. We understand the unique tax rules that govern the tax-exempt world. In addition to Form 990 and UBIT services, Walker & Armstrong offers a comprehensive menu of solutions, including:
- assistance with multi-organization structures, including for-profit subsidiaries, foundations and joint ventures
- consultation regarding IRS required reporting
- executive compensation planning and reporting
- exemption application assistance
- prohibited transaction analysis
- state and local tax assistance