CASPAR, a nonprofit organization that provides community-based services for individuals affected by substance abuse, was looking for finance and accounting assistance. A key member of the financial department had left the organization and CASPAR needed to create a budget for the upcoming fiscal year, project year-end results, and prepare for a financial audit, as well as implement new accounting software.
CASPAR engaged AMS to assist and AMS provided a financial professional with two decades of nonprofit experience to serve as interim CFO. The CFO consultant worked with the Executive Director to determine priorities for the organization and then led the management team to develop a budget for the next fiscal year and prepare the year-end financial forecast. The CFO consultant also assisted the accounting staff with closing the year-end books and preparing for the upcoming audit.
CASPAR’s budget and year-end forecast were both completed on time and the organization was able to meet its target goals. The year-end books were closed and the audit was completed with no adjustments. CASPAR’s staff utilized a parallel process to begin the transition to a new accounting software. Additionally, the CFO consultant successfully transitioned work to the incoming permanent CFO.