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Marva Flanagan, CPA

Marva Flanagan, CPA

Author's details

Name: Marva Flanagan, CPA
Date registered: July 2, 2013



Marva is a senior accountant at ORBA and works primarily with not-for-profit organizations and closely-held businesses. She has more than four years of experience providing financial statement audits, audits of internal control, OMB A-133 single audits and audits of employee benefit plans in a variety of clients including not-for-profit organizations, higher education institutions, state and local governmental agencies and manufacturers.

Latest posts

  1. Managing a Successful 340B Discount Program — September 11, 2017
  2. Is Your Not-For-Profit Organization Ready for Endowments? — February 28, 2017
  3. Collaborative Activities: Are You Reporting Them Correctly? — March 24, 2016
  4. The OMB Rule on Indirect Costs: What You Need to Know — September 9, 2015
  5. How to Improve Your Accounting Function — July 30, 2015

Author's posts listings

Sep 11

Managing a Successful 340B Discount Program

Most Americans are not aware of a little-known drug pricing program called the 340B Drug Discount Program (340B). The 340B program was created by the federal government in 1992 under Section 602 of the Veterans Health Care Act. However, its popularity only surged within the last five years when hospitals were required to register their offsite facilities which were using 340B drugs. Since its enactment in 1992, the 340B program has been expanded by Congress through various other laws which clarify or broaden the law, including guidance that allows hospitals and clinics to contract with outside pharmacies if they do not have one in-house.

Feb 28

Is Your Not-For-Profit Organization Ready for Endowments?

With baby boomers (the largest and wealthiest generation in U.S. history) expected to transfer trillions of dollars of assets in the next few decades, this could be the right time to launch an endowment. This article explains the two main types of endowments, describes the pros and cons and addresses managing assets and spending restrictions. “Quasi” endowments also are discussed.

Mar 24

Collaborative Activities: Are You Reporting Them Correctly?

More and more not-for-profit organizations are joining forces to better serve their client populations and cut costs. However, such relationships can come with complicated financial reporting obligations. As this article explains, an organization’s reporting requirements will depend on the type of relationship it enters, such as a collaborative arrangement, a merger or a new legal entity, or cessation of control without creation of a new legal entity.

Sep 09

The OMB Rule on Indirect Costs: What You Need to Know

Nonprofits need to get up to speed on their rights and responsibilities under the Office of Management and Budget’s new rule requiring agencies and other entities allocating federal dollars to reimburse organizations for indirect costs, also known as administrative or overhead costs. If they don’t learn the ins and outs of the new rule, not-for-profit organizations risk forfeiting reimbursement dollars. This article explains how reimbursement is determined and what nonprofits should be doing now to prepare for the change.

Jul 30

How to Improve Your Accounting Function

A not-for-profit’s accounting function is its financial backbone. Efficient accounting processes along with sound controls to monitor those processes will put an organization on the right track for financial stability and growth. One may ask are you satisfied with your not-for-profit’s accounting function or does it seem less efficient than you think it could be? Here are some suggestions for improving this important piece of your organization’s operation.

Sep 15

Outcome-Based Evaluation Puts the Proof in the Pudding

In the world of real estate, the mantra is location, location, location. In the world of not-for-profits and the entities that fund them, the mantra is results, results, results. Funders want to know that their funds are being spent responsibly and that the organization is accomplishing — or at least working to accomplish — what it said it would.

Feb 25

Should You Join Forces With Another Not-For-Profit?

Forming an alliance with a like-minded organization can be a smart strategic move for a not-for-profit organization, but it is important to think things through thoroughly before making the leap. The process begins with examining the organization’s motives and then determining whether a joint venture or a strategic alliance would be more appropriate. Once you have determined reasons for uniting goals, identifying and performing due diligence on the other organization becomes essential.

Jul 02

Benchmarking: Sizing Up Your Not-For-Profit Organization

The word “benchmark” may strike some as organizational lingo, but the practice of benchmarking often proves valuable for not-for-profit organizations. Not-for-profits that incorporate financial benchmarks into their operations are better at anticipating negative financial trends and may even see revenues climb, expenses drop and efficiencies improve.