Association Financial Management Services
- Accounting processes that provide accurate, reliable and timely information
- Financial oversight by a highly qualified Certified Public Accountant (CPA)
- Current client operations range from $300,000 to over $7 million
- Clients' net assets increased by over $30 million, a 150% increase, in last 10 years
"(EAI) took the College from a "shoe box" management situation...to a thriving, financially sound organization in just a few years. Obviously, this is a real tribute to staff's business acumen."
Edward J. O'Connell, MD, Past-President
American College of Allergy,
Asthma & Immunology
The importance of your association's financial management and control cannot be overstated. EAI's financial expertise allows clients to maintain control of their assets and plan for growth.
Financial oversight is led by our Chief Financial Officer (CFO), a CPA with over 15 years of non-profit financial management experience. The CFO ensures that effective internal controls are in place and helps your association reach its financial objectives. All financial statements are prepared in accordance with generally accepted accounting principles (GAAP).
EAI staff accountants manage daily accounting responsibilities - including accounts payable and receivable - and prepare financial statements and accounting records for regular reporting to the association leadership and the annual audit – all under the supervision of our CFO.
Accurate and timely financial reporting is required so both staff and volunteer leaders are fully aware of your association's overall financial health. Client funds are maintained in separate bank and investment accounts as selected by your leadership. It is EAI policy to be extremely conservative in all financial dealings and to regularly confer with association leaders.
The internal control system is augmented by an independent annual audit, written policies and guidelines, careful selection and training of qualified personnel and detailed review procedures. EAI's system of controls and procedures are time-tested to ensure the highest levels of integrity and reliability.