Round Table: Dealing with Federal Funding Uncertainty

Facilitated by Bob Mims, CPA, The Knowledge Institute, LLC

If your organization receives federal funding, what are you doing to prepare for possible federal funding freezes or cuts? Gather with your peers to discuss what your organization is doing and hear what other organizations are doing to deal with the funding uncertainties and the impact over the short and long term.

Economic Update

Jeff C. Mantock, CFA, Diamond Capital Management at The National Bank of Indianapolis

Join Jeff Mantock, CFA of Diamond Capital Management as they explore key investment strategies for not-for-profits. This session covers market trends and their impact on not-for-profit financial planning, best practices for governance and fiduciary responsibility. Gain expert insights to optimize financial resources and ensure long-term sustainability.

It's time to network with colleagues and visit sponsor tables.

1. The Future of Group Benefits: 2025 Trends Every Employer Must Know

   Brandon Collins, CEBS, NFP

   In 2025, employers are rethinking their benefits strategies to balance cost, access, and employee experience. This session will explore key trends shaping the future of group benefits, including the rise of alternative funding strategies, network innovation, and direct contracting. We’ll also dive into evolving pharmacy benefits—especially the impact of GLP-1 medications—along with emerging employee perks like long-term care and supplemental health benefits. Join us to stay ahead of the curve and make informed decisions for your workforce.

   
   

2. AI Revolution: Unleashing Opportunities and Navigating the New Frontier

   John Higgins, Higgins Advisory, LLC

   Join us for an engaging session with John Higgins, a nationally recognized advisor to the profession on digital transformation, as we dive into the AI Revolution in the CPA Profession. Discover how artificial intelligence is reshaping the world of CPAs in the various roles we fill, unlocking exciting opportunities, and guiding us through a world of change. Get ready to embrace innovation and stay ahead in the dynamic world of accounting, finance, and tax!

   
   

3. GAAP Update and Refresher (A&A)

   Daniel Waninger, CPA, Forvis Mazars

   This session will review recently issued GAAP pronouncements which may impact nonprofit organizations, give an overview FASB projects in process, and include a discussion of common errors in nonprofit accounting and reporting.

   
   

It's time to network with colleagues and visit sponsor tables.

1. Sales Tax Update

   Casse Tate, CPA, CAP, Katz, Sapper & Miller

   Stay ahead of Indiana’s evolving sales tax laws with this essential update for CPAs. This session covers recent legislative changes, enforcement trends, nexus rules, and compliance best practices for 2024 and beyond. Gain key insights to help clients navigate audits, mitigate risks, and implement effective tax strategies. Don't miss this opportunity to stay compliant and informed.

   
   

2. Budgeting Best Practices: Aligning Financial Strategy with Your Mission

   Kelly Gerber, Your Part-Time Controller, LLC

   Jennifer McVey, CPA, Barnes Denning CPA and Advisors

   Jenny Norris, CPA, CGMA, CAE, Indiana CPA Society

   Join our panel as they share their experiences with budgeting. This session will explore a range of budgeting related topics including: how dynamic budgeting can be effectively utilized to drive organizational goals, empower staff and adjust to changing circumstances and how to communicate the impact of budgeting to non-financial staff, making it easier to understand how day-to-day decisions influence the broader financial picture.

   
   

3. ASU Update and CECL Debrief

   Michael Hoose, CPA, Cherry Bekaert

   This session will provide a comprehensive review of the latest ASUs that will be effective for June 30th and December 31st year-ends and a general Current Expected Credit Losses (CECL) debrief followed by a deeper dive into CECL’s intersection with not-for-profit entities (NFPs). Although the FASB hasn’t issued any NFP-specific standards recently, we’ll focus more on ASUs that are more impactful to NFPs such as Common Control Leases (ASU 2023-01) and Accounting for and Disclosure of Crypto Assets (ASU 2023-08). Then we’ll recap CECL standard and take a deeper dive into NFP-specific impacts such as unrealized losses on AFS debt securities, programmatic investments, and healthcare entities. Lastly, we’ll share practice insights over the measurement alternative for equity investments without a readily determinable fair value.

   Learning Objectives:

   • Identify the impact of recent ASUs on nonprofit financial reporting
   • Discuss CECL’s effect on common nonprofit financial instruments
   • Share insights into supportable measurements of equity securities without readily determinable values
   
   

It's time to have lunch with colleagues and visit sponsor tables. Lunch is provided.

Embracing Change While Preserving Mission

Amy Horner, CPA, DBA, True Nine

Change is inevitable and inevitably tricky. How we handle change can be a differentiator for us individually and our organizations. Future success hinges on our ability to navigate change.

When we think of change, we often instantly think of technological advances, such as AI and large language models like Chat GPT. Indeed, these qualify, but it's more than tech advances that give us scenarios of change. Doing more with less (and faster) is expected by the Board of Directors, a nonprofit's stakeholders, and the entire accounting sector. The ever-evolving industry landscape provides seemingly endless reactive and proactive opportunities for embracing change.

This session examines how we view change, demonstrates how to implement milestone segments, and provides examples of change strategies to boost motivation while maintaining a focus on the organization's mission and purpose.

It's time to network with colleagues and visit sponsor tables.

1. Technology Trends Update for CPAs

   John Higgins, Higgins Advisory, LLC

   This enlightening presentation where we delve into the pivotal technology trends reshaping the accounting profession. We will cover an array of topics including cloud computing, big data, data analytics, Robotic Process Automation (RPA), Machine Learning (ML), Artificial Intelligence (AI), cryptocurrency, blockchain technology, and the metaverse. Designed for forward-thinking professionals, this session offers insights into how these technologies impact your business, your firm, your clients and most importantly, your career.

   
   

2. Are You Prepared for What Happens in the Economy and Demographic Trends?

   Bob Mims, CPA, The Knowledge Institute, LLC

   Like death and taxes, changes in the economy are assured. Planned giving is the great mitigator of economic risk and uncertainty in major giving. We’ll examine the relationship between the world’s economy and demographics and its influence on our donors in the short and long term. We will discuss market and demographic influences while taking a look at 2025 and what might carry over to future years.




3. Yellow Book and Single Audit Update (A&A and Yellow Book)

   Pete Ugo, CPA, Crowe LLP

   Max Walton, CPA, Crowe LLP

   Session description coming soon.

   
   

It's time to network with colleagues and visit sponsor tables.