Wells, CPA LLC

07/15/2026

Virtual Open House: Unveiling Membership Benefits & Insights with Community Shares of Mid Ohio

Are you a Central Ohio nonprofit interested in expanding your funding opportunities and strengthening your network? Join Community Shares of Mid Ohio for a virtual open house to learn how full membership can help your organization connect with new donors, access unrestricted funding, build relationships with fellow nonprofits, and take advantage of professional development and marketing opportunities.

Choose the session that works best for you: Thursday, July 23 (Noon–1 PM) or Tuesday, July 28 (Noon–1 PM).

Whether you're considering applying for full membership or simply want to learn more, this is a great opportunity to hear directly from Community Shares staff and get your questions answered before the application goes live in August. Register today! https://bit.ly/44nCeVr

About Community Shares: Community Shares is a network of more than 60 nonprofits across Central Ohio working together for a more just, caring, and healthy community. We connect members to donors who provide flexible funding, offer low- or no-cost professional development, provide discounts on services, and much more.

Are you curious about how a Community Shares membership could benefit your nonprofit? Join us for a virtual open house to discover the perks of membership and learn how to become a member. Are you wondering if your nonprofit is a good fit? Don't miss this opportunity to learn more and get your quest...

07/13/2026

Accountable plans remain the most tax-efficient way for nonprofits to reimburse employee business expenses. When properly structured and implemented, these plans allow reimbursements to be excluded from employees’ taxable income and save payroll taxes for the organization. If your nonprofit hasn’t reviewed its reimbursement practices recently, now is a good time to do so. We can help assess whether your current policy meets accountable plan requirements, identify potential areas of risk and implement a structure that supports both compliance and operational efficiency.

07/08/2026

Suspected employee fraud can quickly disrupt a nonprofit’s operations and erode trust. A thoughtful, well-coordinated response — grounded in strong governance, proper documentation and advisor support — can help reduce and recover losses and restore trust. Just as important, these situations offer an opportunity to strengthen internal controls and better protect your organization moving forward. Contact our team to discuss how we can help assess risk, support investigations and implement safeguards.

07/02/2026

Nonprofits relying on limited funding streams face greater risk when conditions change. Diversifying revenue — across grants, donors, partnerships and more — can strengthen financial stability and mission impact. Key steps include securing board buy-in, identifying and evaluating new opportunities, balancing growth with capacity, monitoring results and pivoting when needed. If your nonprofit is considering new revenue streams but is unsure where to start, we can help. Contact us to review your current funding mix and explore possible diversification strategies.

06/23/2026

Should your nonprofit adopt (or revise) term limits for board members? While not required, they can enhance governance by allowing for fresh perspectives, more collaborative decision-making and broader community engagement. But they also risk losing institutional knowledge and require ongoing recruitment. The best approach depends on your organization’s size, structure and strategic goals. If your organization is evaluating board term limits or considering other governance changes, we can help you assess the implications, identify potential risks and design policies that align with best practices. Contact us to get started.

06/17/2026

Natural disasters and unexpected disruptions can threaten your nonprofit’s operations and financial stability. A proactive disaster plan — focused on risk assessment, cash flow, internal controls and data protection — helps ensure continuity when it matters most. We can help assess your organization’s financial risks, strengthen internal controls and build a disaster plan tailored to your nonprofit that supports both operational and financial resilience.

06/08/2026

Longstanding nonprofits often benefit from stability, strong funding and loyal supporters. But longevity brings its own challenges. A common one is “founder’s syndrome.” As nonprofits grow, leadership needs evolve. Yet founders and other long-tenured leaders may struggle to relinquish control or adapt to changing organizational needs. Addressing this requires open dialogue, clear governance policies and a willingness to prioritize the organization’s future over individual roles. By watching out for challenges like this and tackling them, you can keep your mature nonprofit on target.

05/28/2026

When a nonprofit’s finance committee functions effectively, it does more than monitor budgets and financial statements — it strengthens the organization’s overall governance. An effective finance committee generally should be involved in: 1) board communication about finances, 2) budgetary planning, 3) financial reporting, 4) internal controls, and 5) financial resource administration. If an organization doesn’t have a separate audit or investment committee, it should be involved with those functions as well. Contact us for help. We can review your finance committee’s structure and suggest possible improvements.

05/19/2026

Nonprofit organizations often juggle multiple programs, funding sources and staffing structures, making accurate time tracking essential. Furthermore, federal and state wage and hour laws require certain records be kept, and grantmakers may impose additional reporting standards. But strong timekeeping practices do more than satisfy compliance requirements. With accurate data, organizations can better evaluate program costs, improve budgeting and make informed decisions about future initiatives and funding opportunities. If you have questions about timekeeping best practices or software, we can help.

05/13/2026

Accountability may sound like a management buzzword, but when nonprofits embrace it, it can transform the organization. The process begins with leaders who own their outcomes (whether successes or setbacks) and prioritize ethical conduct, top-down governance and transparent communication. This proactive culture of accountability ripples throughout the organization, strengthening trust, improving collaboration and boosting mission-driven results.