WEBINAR: Reading Between the Lines: Questions Every Nonprofit Leader Should Ask About Financial Reporting and Form 990
Thursday, October 22nd, 2026
Nonprofit organizations devote significant time and resources to preparing financial statements, obtaining assurance services, and completing annual compliance filings. Yet, many organizations miss an important opportunity – using these reports as tools for governance, transparency, and informed decision-making.
McKonly & Asbury’s Nonprofit specialists Jim Shellenberger, Mark Welliver, and Alyssa Irish discussed what nonprofit leaders, board members, finance professionals, and other stakeholders should be looking for when reviewing auditor and accountant reports, financial statements, and tax filings.
Rather than focusing on simply how these items are prepared, our team explored how to interpret them, what questions they raise, and how they work together to tell your organization’s story. Along the way, our presenters discussed the unique aspects of nonprofit financial reporting, the role of audits, reviews, and compilations, common compliance requirements, and the increased scrutiny that comes with publicly available filings.
Whether you are responsible for financial oversight, involved in governance, preparing information for compliance filings, or simply looking to better understand nonprofit reporting, this session provided practical insights you can take back to your organization.
Attendees of this McKonly & Asbury Webinar gained insight on the following:
- Key questions to ask when reviewing nonprofit financial statements, tax filings, and CPA reports
- An understanding of unique aspects of nonprofit financial reporting, including net assets, donor restrictions, functional expenses, and disclosure requirements
- The differences between audits, reviews, and compilations and what each means for stakeholders
- How IRS Form 990 filings complement financial statements and communicate accountability and transparency
- Why Form 990 receives significant public attention and key items to review
- Common compliance, governance, and reporting issues nonprofit organizations encounter
- How boards, management, and finance teams can use these reports to strengthen oversight and decision-making
Review the webinar transcript.
This free, one-hour webinar took place on Thursday, October 22 at 2:00 p.m. EDT. One “Specialized Knowledge” CPE credit was available for this webinar. The level for this webinar was basic, and no prerequisites were required. This program was a live webinar which offered the opportunity to ask questions and interact with the presenters.
