Financial Reviews & Diagnostic Assessments
Uncover Insights. Strengthen Financial Health. Drive Mission Impact.
Nonprofit organizations must maintain financial integrity, comply with evolving regulations, and demonstrate transparency to funders, donors, and stakeholders. At NCheng LLP, we specialize in Financial Reviews & Diagnostic Assessments, offering an in-depth analysis of your organization’s financial health. Our approach goes beyond compliance—we identify risks, highlight opportunities, and provide strategic recommendations to enhance financial sustainability.
Why Financial Reviews Matter for Nonprofits
Financial clarity is essential for mission-driven organizations to operate effectively and maintain trust. Whether preparing for an audit, seeking funding, or strengthening internal controls, a comprehensive financial assessment helps nonprofits:
- Ensure Compliance – Align financial processes with IRS, GAAP, and grantor requirements.
- Identify Risks – Detect vulnerabilities in financial controls, reporting, and fund management.
- Enhance Transparency – Provide funders and stakeholders with accurate, reliable financial data.
- Improve Decision-Making – Equip leadership with insights for strategic planning and budgeting.
Our Approach: A Holistic Financial Assessment
We take a tailored, hands-on approach to reviewing your financial position and internal processes, ensuring your organization remains fiscally sound and mission driven.
Financial Health Check & Risk Assessment
We conduct a deep dive into your financial statements, accounting processes, and reporting frameworks to uncover potential red flags before they escalate.
- Review of balance sheets, income statements, and cash flow reports
- Identification of inconsistencies or financial misstatements
- Evaluation of financial sustainability and liquidity position
Internal Controls & Process Efficiency
Strong financial controls prevent fraud, mismanagement, and inefficiencies. Our team assesses existing policies and procedures to strengthen your nonprofit’s financial operations.
- Segregation of duties and fraud prevention strategies
- Best practices for expense tracking, procurement, and approvals
- Financial reporting structures for board and management oversight
Grant & Fund Management Review
Managing restricted and unrestricted funds is critical for nonprofits. We ensure grant compliance and proper fund allocation to maximize funding impact.
- Review of grant budgets and financial tracking systems
- Assessment of fund utilization and compliance with donor restrictions
- Recommendations for improving reporting accuracy and funder accountability
Board & Leadership Financial Reporting
Effective governance starts with clear, actionable financial reporting. We help nonprofits create transparent reports that empower boards and executive teams to make informed decisions.
- Development of board-friendly financial dashboards and KPIs
- Budget vs. actual analysis for strategic planning
- Financial storytelling to communicate impact to funders and donors
A Trusted Partner for Financial Strength & Transparency
At NCheng LLP, we understand the unique financial challenges nonprofits face. Our Financial Reviews & Diagnostic Assessments provide more than just reports—we deliver actionable insights that help organizations optimize resources, mitigate risks, and achieve long-term financial health.
- Nonprofit Expertise – Decades of experience serving mission-driven organizations.
- Customized Solutions – Tailored assessments to address your nonprofit’s specific needs.
- Actionable Recommendations – Practical steps to enhance financial efficiency and compliance.
Strengthen Your Nonprofit’s Financial Future
A Legacy of Excellence
We have been a trusted source for financial guidance for more than 35 years.
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