Financial Advisory Services
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Financial Advisory Services
FMA’s consultants include experienced nonprofit finance executives and accountants who help guide teams in analyzing their financial data and making decisions to sustain the financial and programmatic health of their organizations. Our financial advisory practice seeks to maintain an appropriate balance of ensuring cost-effective and financially sustainable operations while also supporting an organization’s ability to effectively deliver its services and carry out its mission.
Some examples of areas in which we provide financial advisory support include the following:
Analyzing the organization’s true costs of operations on a program-by-program basis
Advising on budgeting and budgetary assumptions (for example, fringe benefit rates, salary increase percentages, and allocation of administrative and indirect costs)
Facilitating a “team decision-making” process to bring all relevant staff with financial management responsibilities into the process of budgeting, monitoring and decision-making
through critical financial decisions such as expanding or contracting programs, undertaking a merger or acquisition, applying for a major new grant or government contract, or undertaking a building sale or purchase or other major capital investment
Assisting in developing and implementing strategies for financial sustainability, including balancing budgets, achieving cash and liquidity targets, and developing revenue and spending plans that provide for the accumulation of reserves
For more information, please contact Dipty Jain, Manager Consulting djain@fmaonline.net
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