Blackman & Sloop Advisors, Inc.

07/14/2026

Expanding an independent pharmacy to a second or third location can create meaningful opportunities for growth, but it also introduces greater financial complexity.

From upfront capital and cash flow planning to inventory management, staffing, financial reporting, and regulatory compliance, pharmacy owners need a clear understanding of how each new location will affect the business as a whole.

In our latest blog, we explore the financial considerations that should be evaluated before expanding and the planning needed to support sustainable, profitable growth.

📖 Read the full article to learn what independent pharmacy owners should consider before opening another location: https://b-sadvisors.com/the-financial-side-of-expanding-an-independent-pharmacy-to-multiple-locations/

Expanding your independent pharmacy to multiple locations can be an exciting growth opportunity. It offers the potential to increase revenue, broaden your customer base, and build long-term value. But opening a second—or third—location also comes with a host of financial challenges that requir...

07/08/2026

Many nonprofits have just wrapped up their June 30 fiscal year-end. Now is a great time to ask an important question: Is your current fiscal year-end still the best fit for your organization?

As nonprofits grow, their reporting needs often change. The right fiscal year-end can help simplify financial reporting, better align with fundraising and grant cycles, improve budgeting, and make year-end audits more manageable.

If closing the books felt more challenging than expected this year, it may be worth evaluating whether a different reporting timeline would better support your mission and operations.

Read our latest blog to learn what factors nonprofit leaders should consider when evaluating their fiscal year-end and how the right reporting cycle can strengthen financial decision-making.

🔗 Read the full blog: https://b-sadvisors.com/is-your-june-30-year-end-still-the-right-fit-for-your-nonprofit/

For many nonprofit organizations, June 30 marks more than just the end of another fiscal year. It is an opportunity to step back, evaluate operations, and consider whether your current reporting cycle continues to support your organization’s mission and long-term goals. While many nonprofits natur...

07/04/2026

This Independence Day is especially meaningful as we celebrate America's 250th anniversary and reflect on the ideals that have shaped our nation for two and a half centuries.

At Blackman & Sloop, we're grateful to be part of communities built on hard work, resilience, and opportunity. As we celebrate this historic milestone, we also recognize the individuals, families, businesses, and service members who continue to strengthen our country every day.

We wish you and your loved ones a safe, happy, and memorable Fourth of July! 🎆

06/22/2026

Federal grant compliance requirements may be changing again, and nonprofits should be paying attention.

The U.S. Office of Management and Budget (OMB) has proposed significant updates to the Uniform Guidance that could impact how nonprofits manage federal grants, document expenses, monitor compliance, and prepare for Single Audits.

Proposed changes include increased oversight of federal awards, new restrictions on certain grant-funded costs, additional compliance requirements, and updates designed to streamline parts of the grant application process.

While these changes are not yet final, organizations that receive federal funding should begin evaluating how they could affect operations, internal controls, and reporting responsibilities.

Read our latest blog to learn what is being proposed, what it could mean for your organization, and steps you can take now to prepare.

🔗 https://b-sadvisors.com/proposed-federal-grant-changes-could-impact-nonprofits-nationwide/

Have questions about federal grant compliance, Single Audits, or the potential impact of these proposed changes? Contact the nonprofit specialists at Blackman & Sloop to discuss how your organization can stay compliant and prepared for what comes next.

Just as many nonprofits have adjusted to the 2024 Uniform Guidance updates, another wave of potential federal grant changes is already on the horizon. The U.S. Office of Management and Budget (OMB) recently proposed significant changes to the Uniform Guidance—the rules that govern how organization...

06/21/2026

Fatherhood comes in many forms, but its impact is often the same: showing up, offering support, and helping others grow with confidence.

Today, we celebrate the fathers and father figures whose guidance, encouragement, and dedication have left a lasting mark on the lives of those around them.

Wishing all who are celebrating a very Happy Father's Day from the team at Blackman & Sloop!

06/19/2026

Juneteenth is a time to honor a pivotal moment in our nation's history and recognize the strength, courage, and determination of those who fought for freedom and equality.

It is also an opportunity to reflect on how far we have come, acknowledge the work that remains, and celebrate the diverse voices, experiences, and contributions that enrich our communities.

Today, we join in recognizing the significance of Juneteenth and the values of hope, resilience, and progress that it represents.

06/15/2026

Please join us in welcoming Maclain Coords and Lee Worrix to the Blackman & Sloop team!👏

We are excited to have them on board and look forward to the knowledge, experience, and energy they will bring to our team and our clients.

Welcome to Blackman & Sloop, Maclain and Lee. We are glad to have you with us!

06/12/2026

Does your pharmacy have a budget, or are financial decisions being made as issues arise? 💵

A well-developed budget can do more than track income and expenses. It can help independent pharmacy owners manage cash flow, plan for growth, evaluate spending decisions, and prepare for unexpected challenges.

In our latest blog, we discuss why budgeting is one of the most important financial management tools for independent pharmacies, along with practical steps for building a budget and using it effectively throughout the year.

Read more: https://b-sadvisors.com/why-every-pharmacy-needs-a-budget-and-how-to-actually-use-it/

At Blackman & Sloop, we work with independent pharmacies to develop budgets, forecast cash flow, and create financial plans that support long-term success and informed decision-making.

For independent pharmacies, budgeting often feels like a daunting or even unnecessary task. After all, you’re busy managing day-to-day operations, juggling staff, handling reimbursements, and serving your community. It’s easy to think, “If the business is making money, why worry about a bu...

06/09/2026

Are your nonprofit's funds being managed and reported appropriately?💵

Properly accounting for restricted and unrestricted funds is essential to honoring donor intent, maintaining compliance, and supporting your organization's mission. Even small reporting errors can create audit challenges and erode stakeholder confidence.

Our latest blog explores common pitfalls nonprofits face when managing donor-restricted contributions and shares practical guidance for improving financial stewardship and accountability.

Read the full article: https://b-sadvisors.com/unpacking-restricted-vs-unrestricted-funds-avoiding-misuse-and-misreporting/

If your organization needs guidance on fund accounting, financial reporting, or nonprofit compliance, reach out to the Blackman & Sloop team. We'd be happy to help.

For nonprofits, understanding the distinction between restricted and unrestricted funds is more than a matter of good bookkeeping—it’s essential to maintaining donor trust, ensuring compliance, and preserving your organization’s long-term mission. Misunderstanding or misreporting fund classifi...