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Marlene C. Franke, CPA

Paul Stumbaugh, CPA

Author's details

Name: Paul Stumbaugh, CPA
Date registered: February 12, 2013



As a member of ORBA’s auditing and accounting services team, Paul performs audits, reviews and compilations for clients in various industries, including both not-for-profit and for-profit clients. Some of his not-for-profit experience includes working on different charter schools, scholarship funds and service organizations. Paul’s experience also includes preparing income tax returns for individuals, partnerships and corporations. In addition, he adds value to client relationships by providing suggestions to organizations for streamlining procedures and internal controls.

As a member of ORBA’s Not-for-Profit Services group, Paul regularly participates in continuing education courses to stay abreast of changes in the industry. He is a member the Illinois CPA Society, and he earned his Bachelor of Science in Accountancy as well as his Masters of Accounting Sciences from the University of Illinois at Urbana-Champaign.

Latest posts

  1. The FAQs of Fiscal Sponsorship — March 12, 2015
  2. Five Ways to Boost Your Not-For-Profit’s Income — July 30, 2014
  3. Simple Tips on How to Get Your Board the Financial Information They Need — January 29, 2014
  4. Am I a Subrecipient or a Vendor for Federal Funds? — May 22, 2013
  5. Do I Need a Single Audit? — February 12, 2013

Author's posts listings

Mar 12

The FAQs of Fiscal Sponsorship

An organization may be too new — or too small — to have obtained its tax-exempt status. Or, if it is well-established, it may have an opportunity to expand its programs by joining forces with a smaller or newer organization. In either case, fiscal sponsorship might be worth considering. This blog answers some questions about this special relationship, including how the arrangement works and possible pros and cons for the sponsor.

Jul 30

Five Ways to Boost Your Not-For-Profit’s Income

With donor contributions continuing to lag for many not-for-profits, you may be looking for ways to make up the difference in income. This is the time to revisit some tried-and-true ways for not-for-profits to generate revenue. It is also time to get creative and brainstorm some new potential money makers for your organization.

Jan 29

Simple Tips on How to Get Your Board the Financial Information They Need

Your board brings to your organization a wide variety of talents and expertise; however, they do not always have experience with financial and accounting matters. It is up to you to get them the essential information they need to do their jobs.

May 22

Am I a Subrecipient or a Vendor for Federal Funds?

If your not-for-profit organization receives Federal awards, you will need to determine whether your entity is a recipient, a subrecipient or a vendor.   By following the guidelines established by the Office of Management and Budget (OMB) in Circular A-133 below, you should be able to make the determination. Recipient or Subrecipient Guidelines A Federal payment… Continue reading »

Feb 12

Do I Need a Single Audit?

The Office of Management and Business (OMB) issued Circular A-133, Audits of States, Local Governments and Non-Profit Organizations to establish the requirements for audits of non-Federal entities that expend Federal awards. Referencing a few important points found in the guidelines will help determine if your organization needs a single audit.