Success Stories From Our Nonprofit Clients

Altruic Advisors provides accounting and CFO Solutions services for a wide range of National Governing Bodies, including several member organizations of the United States Olympic and Paralympic Committee (USOPC). National Governing Bodies (NGBs) are nonprofit, non-governmental organizations responsible for the training, competition and development of athletes for their respective sports, as well as nominating athletes to the U.S. Olympic, Paralympic, Youth Olympic, Pan American and Para-Pan American Teams.

National Governing Bodies occupy a critical space in the world of sports, providing leadership, structure and support for athletes, teams, and clubs. Major funding sources typically include membership dues; fees from events, competitions, clinics, and camps; grants, sponsorships, and donations. NGBs often operate with a relatively small team of administrative personnel, which can make it a challenge to manage their complex financial reporting and accounting obligations.

During the COVID-19 pandemic, many National Governing Bodies saw membership levels drop as competitions were cancelled worldwide. Our clients grappled with how to help their sports communities in the face of club closures and training restrictions. While athletes practiced from their living rooms, NGB staff went remote. Supported by the cloud-based accounting team at Altruic Advisors, our clients launched exciting new virtual programs and coordinated with other sports organizations across the world to help keep the lights on for their members, teams, and athletes.

USA Artistic Swimming

Despite the enormous challenges of the COVID-19 pandemic, USA Artistic Swimming was able to make informed financial decisions and quickly take advantage of time-sensitive funding opportunities with support from their accountants at Altruic Advisors. With confidence in their bookkeeping, the organization turned their focus towards engaging their members in creative new ways.

USA Team Handball

While team handball is an incredibly popular sport on a global basis, it’s just beginning to gain traction in the United States. The small team at USA Team Handball turned to Altruic Advisors to help bring their organization to the next level. By implementing more efficient systems and standardizing their accounting procedures, the organization reduced their administrative burden and maintained momentum through tough times.

USA Water Ski & Wake Sports

Amid a surge of growth and the departure of their longtime accountant, USA Water Ski & Wake Sports brought Altruic Advisors on board to help modernize and streamline their accounting solutions. When COVID-19 hit, the organization was able to transition to the “new normal” with cloud-based systems for accounts payable, payroll, and day-to-day bookkeeping.