Protecting your mission & strengthening your financial foundation
You’re investing in the world around you, working to make it a better place. At hfco, we think your work is extraordinary. We help by providing nonprofit accounting, advisory and compliance services, and business services that will allow you to invest more time, energy, and resources into your cause.
We know the complexity of running a mission-driven organization, having closely worked with nonprofit leaders.
Restricted revenue management and cost allocation
Nonprofits manage restricted and unrestricted funds simultaneously, each with its own reporting requirements and donor expectations. We track grant activity, ensure proper allocation, and produce reports that satisfy funders while giving leadership the clarity they deserve.
Form 990 strategy and exempt status protection
The Form 990 is your organization’s most public financial document. Filing it accurately is the minimum requirement. Filing it strategically, in a way that tells your organization’s story and protects your exempt status, is where specialized preparation makes a real difference. This requires rigorous attention to unrelated business income, related-party transactions, compensation reporting, and governance disclosures. We help you stay compliant and avoid the issues that put exempt status at risk.
Board governance and financial transparency
Boards carry legal and fiduciary responsibility for the organization’s financial health. Providing your board with financial reporting that is clear, timely, and drives governance and management decision making, is one of the most important aspects of the nonprofit finance function.
Leadership development and organizational capacity
Nonprofit leaders are asked to do more with less, year after year. Building leadership capacity and developing the next layer of management is how organizations grow while sustaining the people who lead them.
Financial sustainability and risk management
Dependence on a single funding source creates organizational fragility. Building a sustainability plan that diversifies revenue, strengthens reserves, and prepares the organization for funding disruptions is strategic work every nonprofit leadership team needs. Managing financial risk involves complex analysis of multiple factors that hfco can facilitate.
A roadmap for your mission
Nonprofit expertise — from grant compliance to organizational growth
hfco brings deep nonprofit accounting knowledge and a full suite of advisory services to every engagement.
Deep expertise
in nonprofit accounting, audit, and Form 990 compliance
Single audit
specialists serving nonprofits subject to OMB Uniform Guidance
Mission-aligned
advisory that helps nonprofits sustain and strengthen their impact
Compliance focused
stronger compliance, lower risks and greater confidence
How a nonprofit serving North Carolina's water sector found an accounting partner that thinks as strategically as they do.
One of hfco’s clients is a nonprofit association dedicated to water and wastewater education, training, and leadership across North Carolina. Managing the financial operations of a member-driven organization with complex compliance requirements demands more than accurate bookkeeping. It requires a team that anticipates needs, strengthens internal controls, and translates financial data into clear insight for leadership and board members.
Trusted by nonprofit organizations.
The NAAS team provides more than just accounting services; they provide the peace of mind that comes with knowing your compliance is in expert hands. I recommend them without reservation to any nonprofit seeking a sophisticated, dedicated partner for federal grant management.
Lee Anna Stoker
Executive Director First Fruit Ministries
Working with hfco has been one of the best things that has happened to us at 2Puntos, our hyperlocal nonprofit newsroom. It’s rare to find partners who guide us, execute flawlessly, and shield us from unnecessary complications.
Emma Restrepo
Founder & Director at 2Puntos
They do not simply complete assigned tasks — they think strategically, anticipate needs, and proactively recommend improvements that strengthen financial operations and internal controls.
Jennifer Picarella
Executive Director NC One Water
What nonprofit clients ask us most
Does hfco specialize in nonprofit accounting?
Yes. Nonprofit accounting and advisory is a dedicated practice area at hfco. We serve nonprofits of all sizes, from small community organizations to large multi-program entities.
Does hfco conduct single audits?
Can hfco help our nonprofit with strategic planning?
Does hfco work with nonprofit boards?
Is an initial consultation free?
Our insights from years of working with nonprofit organizations
Meet your nonprofit advisors
Mig Murphy Sistrom
Ready to work with a firm that values nonprofit organizations?
Tell us about your current challenges and what you are working through.