Raffa Newsroom
Raffa Newsroom
Raffa Newsroom

News

  • 2/7/2017 Annual Study on Nonprofit Investing Released


    Now in its fifth year, the 2017 Study on Nonprofit Investing (SONI) survey is available! SONI is a peer benchmarking survey that provides valuable insights on nonprofit investment policies, fees, and returns.
  • 7/27/2016 Raffa Wealth Management Named to Accounting Today's List of Top 150 Firms by AUM | News Release


    Washington, D.C.
    – Raffa Wealth Management (RWM) has been named to Accounting Today’s list of Top 150 Firms by AUM. 
  • 6/23/2016 Raffa Measures Success in Impact on Communities and Nonprofits | Public Accounting Report


    ​Tom Raffa is intereviewed by Bryan Powell, Senior Contributing Editor, for the June 2016 Public Accounting Report about being a catalyst for positive systemic change within the community and empowering his staff to do the same.
  • 6/1/2016 Raffa Social Capital Advisors Launched To Fill the Gap Between Impact Investors and Entrepreneurs | News Release

    In response to the growing needs of social impact investors, Raffa, the nation’s largest nonprofit accounting and consulting firm, has launched Raffa Social Capital Advisors (RSCA). RSCA will support social entrepreneurs seeking investment while providing impact investors much-needed data and accountability they have long sought.​​
  • 5/30/2016 The Power of Connecting Businesses to the Local Community with Cliff Yee, Managing Director of Raffa CSR Services | Virgin.com Blog

    ​What does strategic CSR look like today, why should we think local, and which companies do it well? Gary Hensley, CEO of Edbacker, and Clifford Yee, Managing Director of CSR Services at Raffa, PC share their thoughts on the positive impact businesses can have on their local communities.

  • 5/9/2016 Raffa's Next Steps to Help Others 'Do More' | News Release


    Raffa is is launching, Raffa Social Capital Advisors (RSCA), a service for both social entrepreneurs and investors looking to support those entrepreneurs. ​
  • 4/20/2016 One IPA 100 Firm Defies Diversity Statistics: 11 Of 17 Partners Are Women | INSIDE Public Accounting


    According to the IPA 2015 Survey and Analysis of Firms, Raffa is the only IPA 100 firm with more than 50% women owners. A majority of Raffa partners – 11 of 17 – are women​.
  • 3/22/2016 Finance & Administration Roundtable Panel Discussion at FAR March Luncheon: The Economic Impact on Reserves | FAR News Release


    Dennis Gogarty, Raffa Wealth Management, joined a panel to guide FAR members through the risks and dreams of investing in the current economic environment, providing both insight and foresight for executives and board members.​
  • 2/26/2016 Peer Benchmarking Study on Nonprofit Investing (SONI) | GWSCPA

    The Greater Washington Council of CPAs' Nonprofit Accounting Basics, published Peer Benchmarking Study on Nonprofit Investing (SONI) by Raffa Wealth Management's Dennis Gogarty.
  • 2/8/2016 Raffa Promotes New Partners and Directors | News Release

    Professional Services Firm Has More Women in Leadership Than Any Other in the DC Region 

    Washington, DC – Gery Ivanova and Patricia Williams have been named partners at Raffa, P.C. With their promotions, the number of female partners at the accounting, consulting, technology firm stands at 11 (of 17 total partners).​
  • 1/21/2016 Raffa Hires Clifford Yee to Lead Practice Translating Decades of the Firms Own CSR Success | News Release

    ​New Corporate Social Responsibility Consulting Practice Aims to be a Catalyst for Social Change

    Washington, D.C. — Corporations looking to better use their resources to achieve greater social impact have a new partner: Raffa, P.C. Long known as a leading accounting and consulting firm for nonprofit organizations, Raffa was built more than 30 years ago on the belief that corporations thrive when they are doing more to support their communities.

  • 12/24/2015 Park City Community Foundation and Board of Realtors Present New Giving Guide | The Park Record


    ​The Park City Community Foundation and the Park City Board of Realtors have found a way to show their love to local nonprofits and part-time residents. The two organizations have collaborated on the Giving Guide, a new program and publication that is designed to connect the nonprofits with these homeowners.
  • 11/24/2015 From Accountant to Social Entrepreneur: Thomas Raffa Redefines What it Means to do Business Well | SEE Change


    ​​In this series, readers of SEE Change profile social entrepreneurs in their community.  More than 30 years ago, Thomas Raffa established the first of what would become many businesses.
  • 9/18/2015 CEO Update Interviews Raffa Partner, Simone Putnam, in "Associations need to stay current on employee rights" | CEO Update

    ​​
    Worker protections are growing at the state and local levels.  That may be great news for employees but can trip up associations that don's stay current on varying rules from the federal level on down.
  • 8/6/2015 Raffa Achieves B Corporation Re-certification, Boosts Overall B Score | News Release


    Washington, D.C.
    — Reflecting the commitment of the consulting firm’s leadership and staff, Raffa received its re-certification as a B Corporation and boosted its “B Score” in the process. Founded more than 30 years ago by Thomas Raffa, the firm has thrived as it has met its goals of strengthening the nonprofit business sector and proving that companies dedicated to social good can thrive.
  • 7/9/2015 Raffa Wealth Management Named to CNBCs List of Top Fee-Only Wealth Management Firms | News Release

    Washington, D.C.Raffa Wealth Management has been named to CNBC’s 2015 list of Top 100 Fee-Only Wealth Management Firms.

    After eight years in business and with more than $560 million in assets under management, Raffa Wealth Management ranked 19th in the nation on CNBC’s scale. Among firms who made CNBC’s list from the Washington, D.C. region, Raffa was at the top.

  • 3/30/2015 American Social Entrepreneur Helps Businesses in India Move Beyond Compliance and Do More with Corporate Social Responsibility Investments | News Release

    Washington, D.C. and Bangalore, India – After three decades of “doing well by doing good” in the United States, entrepreneur Tom Raffa is assisting some of the largest companies in India as they set out to invest billions in socially responsible projects.

  • 3/30/2015 Teams of Association CEOs, Members and Young Leaders Spent One Day with Other Teams to Craft Plans for Change | News Release


    Washington, D.C.
    – Association leaders from across the region participated in a day-long workshop on March 20 designed to spark big changes within individual organizations and across the association landscape.
  • 3/17/2015 Raffa Partner, Simone Putnam, to be a Panelist at the Finance & Administration Roundtable March Luncheon | Speaking Engagement


    Moderated by Venable Partner, Jeffrey Tenebaum, Simone Putnam, Partner of Raffa's Managed Human Resources Practice, will be an expert panelist at the Finance & Administration Roundtable March Luncheon "How to Avoid Hiring Mistakes: Oops! Too Late!" along with Venable Partner, David Warner, on March 18th at the Capital Hilton in DC.
  • 3/13/2015 Association Teams Create Grand Challenges as Part of Unique Day-Long Workshop with Strategists | News Release


    Washington, D.C. – Association leaders from across the region will participate in a day-long capacity-building workshop on March 20th, designed to spark big changes within individual organizations and across the association landscape.
  • 3/9/2015 EagleBank Announces the Appointment of Kathy A. Raffa to Its Board | News Release


    ​BETHESDA, Md., March 9, 2015 (GLOBE NEWSWIRE) - EagleBank has announced that Kathy A. Raffa will serve as a new Director on the Bank's Board, effective immediately.
  • 12/9/2014 Tom Raffa Recognized for Innovation in Philanthropy | News Release

    Raffa Awarded for Creation and Development of New Model of Corporate Giving

    Washington, D.C. – Tom Raffa was recognized for the creation of Companies for Causes (CforC), a new model for corporate giving aimed at moving social responsibility from good intentions to strategic impact in local communities by the Pearl and Ivy Educational Foundation.

  • 11/10/2014 Corporate, Nonprofit, Social Enterprise, Hybrid Leaders Gather to Discuss Future of Sustainable Growth and Giving | New Release


    New York – During a time of change and uncertainty for nonprofits and businesses alike, the Sustainability Summit will gather here on Thursday, November 13 offering a chance for business, philanthropy and mission-driven leaders to discuss both the future of the nonprofit sector and the role of corporations in building a sustainable world – both for organizations and for society as a whole.
  • 9/9/2014 Raffa Celebrates 30 Years of Service to Nonprofit Community | News Release

    Raffa celebrates its 30th year of service to nonprofits and socially responsible businesses this fall. The D.C.-based firm has grown from an audit and consulting firm to a broad professional services firm providing accounting, technology, human resources, investing, tax, fraud prevention and search and placement services to its growing list of clients. The firm is a partner to nonprofit leaders around the country.​
  • 7/14/2014 Rachael Gibson and Tom LaSalvia Join Raffa's Nonprofit Sustainability, Search and Succession Practice | News Release


    Rachael Gibson and Tom LaSalvia join Raffa, P.C. as part of the consulting firm’s growing Nonprofit Sustainability, Search and Succession practice.​
  • 6/12/2014 Businesses Choose Social Responsibility | Metro Weekly

    ​Volunteerism, charitable giving can reap dividends in the workplace
    By Jessica Vaughan, Metro Weekly

    For years, the professional world has divided into for-profit companies that primarily make money and nonprofits that primarily help people. Now, there is a growing movement, especially among small business owners, to mix it up a little. Socially responsible business owners are discovering that making money does not have to be the sole mission of the business, and, even better, that “giving back” can lead to a better bottom line.
  • 6/1/2014 Picking a Nonprofit Niche | Accounting Today

    Firms share the secrets of their success in serving specific segments of the NFP market
    By Danielle Lee - Accounting Today

    Accounting Today asked the leaders of four firms with prominent nonprofit practices to share how they successfully developed their niches and expertise within the sector.
  • 4/24/2014 Study: Nonprofit Investment Returns Lagged Market Benchmarks in 2013 | Associations Now


    Article by: Julie Shoop, Editor-in-Chief, Associations Now featuring Dennis Gogarty, President of Raffa Wealth Management

    ​There’s plenty of good news in a new report on nonprofit investing, but it’s clear associations can boost their portfolios’ performance. The bottom line about your bottom line: You need awareness, smart policies, and discipline to get the best results.
  • 4/10/2014 Raffa, P.C. Achieves B Corporation Certification | News Release

    Washington, D.C. — Raffa, P.C., the Washington-based accounting, technology and consulting firm, announced its certification as a B Corporation, one of only a handful in the Washington, D.C. area.

  • 3/27/2014 Investment Returns at Small Nonprofits Lag Far Behind Benchmarks in Bull Market | The Chronicle of Philanthropy

    Doug Donovan of The Chronicle of Philanthropy interviews Dennis Gogarty, President of Raffa Wealth Management

    Small and midsize charities earned more money on their investments last year if they stuck with formal strategies and stayed on top of how much they paid their financial advisers, according to a new study conducted by Raffa Wealth Management.

  • 3/10/2014 The Results Are In! Raffa Learning Community 2013 Rocked! | Survey Report

    Raffa, P.C. - Based on the feedback we have received from the 2013 survey, we believe the Raffa Learning Community has become a valuable resource and we look forward to making it even better!

  • 1/31/2014 Raffa Names Eric Glantz as New Partner to the Nonprofit Audit Practice | News Release

    Washington, D.C. - Raffa Names New Partner to the Nonprofit Audit Practice.  Eric Glantz is now a Partner in Raffa's Nonprofit Audit Practice with more than 17 years of experience.

  • 1/23/2014 Raffa Welcomes TransitionGuides to Further Support Nonprofits | News Release

     
    Washington, DC - To better support the nonprofit community, Raffa, P.C. welcomed TransitionGuides this month, boosting their search and placement, leadership consulting and nonprofit management training services.
  • 1/7/2014 Raffa Gives Customers Peace of Mind With Zetta Cloud Backup and Disaster Recovery | News Release

    Washington, D.C.-based Raffa provides a range of managed technology services to non-profits, small businesses, government agencies and other organizations.

  • 12/3/2013 Exit Agreements for Nonprofit CEOs: A Guide for Boards and Executives | Nonprofit Quarterly

    Raffa's Tom Adams was one of the authors of this Nonprofit Quarterly feature article in December 2013:

    When the founder or longtime executive of a nonprofit leaves an organization, the board often grapples with how to say goodbye and thank you. This question is loaded with complexities—feelings and relationships come into play, as do financial, legal, and reputational risks and rewards. There is a range of motivations for considering an exit agreement, some quite compelling. The executive, for instance, may seek a financial acknowledgment that he or she has skillfully led the organization over a long tenure—and maybe for a salary well below market rate. Still, actions that might have strong support within the board and meet the needs and expectations of the executive might not play well with the IRS, a state attorney general, or in the court of public opinion.​
  • 11/12/2013 Raffa Launches Nonprofit Fraud Prevention Institute | News Release


    Washington,
    DC – Raffa, P.C. launched the Raffa Nonprofit Fraud Prevention Institute and related Resource Center web portal this month. The Institute is designed to be a resource for the nonprofit community to help organizations effectively manage risk and better ensure the prevention and detection of fraud.
  • 9/17/2013 Raffa Named a 2013 Best of the Best Accounting Firm in the Nation by INSIDE Public Accounting | News Release

    Washington, DC - Raffa has once again earned its title as one of the best accounting firms in the nation. The Platt Group’s award-winning INSIDE Public Accounting (IPA) newsletter just published their Best of the Best Firms for 2013 list and named Raffa as one of the overall superior firms in the country.

  • 7/19/2013 Building a Technology Practice Within a CPA Firm | Accounting Today Magazine


    Accounting Today magazine featured Raffa Technology partner Seth Zarny's article on technology services within CPA practices in their July 2013 issue.
  • 5/30/2013 Don't Be Reserved When it Comes to Your Investment | Associations Now


    A new benchmarking survey indicates that many nonprofit organizations lack clear guidelines when it comes to their investment policies. Find out how having a clear set of protocol around your investment strategies can help reduce risk and increase returns.​​
  • 5/28/2013 Many Small Groups Dont Have Investment Guidelines| Chronicle of Philanthropy


    ​Nearly 40 percent of small and midsize charities and nonprofit associations do not have guidelines to ensure that their investment reserve is diversified, and nearly 20 percent have no policy at all for governing how their reserve is managed, according to a new study of investment practices at 156 nonprofit organizations.​​
  • 5/21/2013 New Survey Shows Many Nonprofits Lack Key Investment Policy Guidelines | Yahoo! Finance


    Raffa Wealth Management today released results of its Study on Nonprofit Investing (SONI), the first of its kind to provide benchmarking data for nonprofits interested in measuring the success of investment portfolio polices and management strategies against their peers. Results point to critical lapses in investment policies that could expose nonprofits to unnecessary risk and potentially depress returns on their investments. More than 150 finance executives at associations, public charities and other nonprofits participated in the survey conducted February 2013 by a third-party research firm.
  • 5/21/2013 Is Your Investment Strategy Normal?| BisNow


    Raffa Wealth Management surveyed over 150 associations and nonprofits about their investment strategies in 2012.
  • 5/20/2013 TRENDS Attends: Lack of key investment policy guidelines put groups at undue risk | Association TRENDS

    Association TRENDS published an article about the SONI findings. 
  • 5/9/2013 Raffa Earns Spot on Top 100 VARs for Enterprise Resource Planningand Accounting Software | News Release

    Washington, DC – Raffa has been named to the Bob Scott’s Insights Top 100 VARs for 2013. The Top 100 are chosen from organizations specializing in the sale and implementation of Enterprise Resource Planning (ERP) and accounting software. ​
  • 4/16/2013 Raffa CEO Tom Raffa on Companys History of Community Service | WashingtonExec

    Ahead of the A Billion + Change Pro Bono Summit in April 2013, WashingtonExec spoke with Tom Raffa about the company's commitment to our community.​

    Read the article from WashingtonExec's website.
  • 3/24/2013 Value Added: His eclectic empire is based around accounting and related businesses | Washington Post

    Tom Raffa is a peripatetic sort who sees business opportunities in everything. Then he acts on them.

    Restaurants. Wealth management. Human resources. A frozen yogurt shop. Insurance. Nonprofit consulting. Accounting. Executive recruitment. Coffee bars. Raffa is just one of those people who are always on the hunt for investments.

    Aside from his coffee and yogurt forays, his palette of accounting-based businesses grosses $40 million a year. Eighty-five percent of that comes from clients that are nonprofits. Those businesses fulfill Raffa’s desire to do more than just fatten the bottom line.

    “Making money is third, fourth or fifth on our list,” Raffa said. “It’s the result. It’s not the why. The why for me at Raffa PC is advancing the community.”

    Read the full profile of Tom Raffa from The Washington Post​.
  • 2/11/2013 Dan Maffey Becomes Raffa's 16th Partner | News Release

    ​Dan Maffey​ has been named partner at Raffa, P.C. His promotion to accounting services partner makes him the 16th partner at the accounting, consulting, technology firm based in Washington, D.C.

    Maffey has more than 28 years of accounting, management and consulting experience for nonprofit organizations, trade associations and professional service firms. His public accounting experience with tax-exempt organizations is related to business operations, planning and budgeting, and performance management and analysis. His insights and work product are used as resources for executive decision-making.  Maffey has also worked closely with senior management to develop effective strategies to meet organizational objectives and compliance requirements. He currently is the outsourced CFO for several nonprofits and trade associations.

  • 1/24/2013 Kimberly Robertson Pannell Elected Chair of Maryland Lottery Commission | Baltimore Business Journal

    Raffa Partner Kimberly Robertson Pannell was elected chairwoman of the Maryland Lottery and Gaming Commission.

    Read the article from the Baltimore Business Journal​.​

  • 12/18/2012 New Study on Nonprofit Investing to Provide Peer Benchmarking Data | News Release

    ​Raffa Wealth Management, LLC (RWM) and Raffa, P.C. today announced the launch of The Study on Nonprofit Investing (SONI), to provide senior finance executives at nonprofit organizations with peer benchmarking data on investment policies and investment performance. The survey, which launches on January 10 and is accessible via an on​line registration here, will interview finance executives at trade associations, public charities and private foundations.

    Nonprofit organizations that would like to participate in the survey must register before January 9, 2013 at: SONI Registration Form.

  • 11/1/2012 An Accounting Firm that "Walks the Walk" | Growth Strategies

    ​Growth Strategies, The Journal of Accounting Marketing and Sales, featured corporate social responsibility in its Fall 2012 issue with articles about how accounting firms are embracing the effort.

    Raffa is highlighted in a case study on the practice, "An Accounting Form that 'Walks the Walk.'"

  • 9/5/2012 Seth Zarny Talks Financial Services and the Cloud | Association Tech News (Video)

    Seth Zarny spoke with Association Tech News about the future of financial services technology and cloud computing.

  • 9/4/2012 Tom Raffa Talks Organizational Lifecycle and Transitions | Nonprofit Times

    ​Tom Raffa spoke with The Nonprofit Times for their article about the changes in leadership at Susan G. Komen for the Cure.

  • 1/15/2012 Raffa Technology's Seth Zarny Interviewed on Cloud-Based Accounting Solutions | Redmond Channel Partner Magazine

    As cloud solutions mature and businesses build their understanding of options, Dynamics VARs are faced with a growing dielmma.  How to compete with Software as a Service (SaaS) ERP solutions when there's no clear equivalent for them in the Dynamics product line.​

  • 11/15/2011 Raffa, P.C. makes 2011 List of Technology Pacesetters | Accounting Today

    For years, the members of our Technology Pacesetters list of topflight accounting and ERP value-added resellers remained nimble, often adapting to change sooner than laters.  More recently, they've begun to usher in one of the larger evolutions in the sector - prompted by the sluggish economy and the onset of new technology platforms - by offering expanded product lines including cloud or hosted solutions and, in some instances, providing more consulting services than traditional software reselling.​

  • 10/27/2011 Get Out and Give Back: Go Big or Go Home! | Washington Life Magazine

    Most college students go home during their short fall break, but not the Alpha Kappa Psi (AKPsi) business fraternity members from the University of Toledo. Thirty-nine of them, nearly two thirds of the entire fraternity, had signed up for a “weekend of service” in the Washington, DC area. The logistics of travel, hotels, meals, service sites and the dozens of other details were overwhelming. Could they find an affordable hotel for 39? Were there enough seats on Amtrak? What nonprofits need nearly 40 students over a weekend?

  • 9/1/2011 A Clear Mission | AccountingToday.com

    ​Washington, D.C.-based Top 100 CPA and business advisory firm Raffa has had a technology practice since the 1990s, but it's only more recently that it has discovered how new technology practices such as outsourced accounting and cloud computing are helping to better serve its primary client niche - government and traditional nonprofit entities.

  • 8/15/2011 Raffa, P.C. named one of the "Top 100 Accounting Firms for 2011" | INSIDE Public Accounting Magazine

    The Platt Group, publishers of INSIDE Public Accounting (IPA), are proud to present the 21st annual report on the nation’s largest 100 accounting firms – one of the most comprehensive of its kind. The report is the most current snapshot available of the financial and operational health of the largest accounting firms, and reflects the “state of the union” of the accounting profession as it emerges from the recession.

  • 8/1/2011 Looking Inside and Out | AccountingToday.com

    More firm spending continues to roll into IT, and recent Accounting Today research showed that as of late last year, most accountants were spending anywhere from 5 percent to 10 percent of their annual budgets on IT, and it's expected for that to remain the same or increase over the next year.

  • 7/31/2011 "Changing the Way People Look at Accountants"- Tom Raffa Interview | Profile Magazine

    ​Raffa, P.C. CEO Tom Raffa says one of the biggest compliments he ever received was from a potential client, who told Raffa, "he didn't look like an accountant." "I have never considered myself as much of a numbers person," Raffa chuckles.  "I definitely knew that I didn't just want to count money for the rest of my life."

  • 7/1/2011 Customers of Compliance | AccountingToday.com

    While Congress debates the debt ceiling and spending cuts, government contractors and entities - and the accounting firms that serve them - are functioning under an increasing regulatory environment that's testing some of their business fundamentals.

  • 6/26/2011 Nonprofits Should Take Steps Now to Guarantee Leadership for the Future | The Chronicle of Philanthropy

    Nonprofits and foundations need to take steps now to focus on diversity, leadership training, and executive succession, writes a veteran adviser to charities.​
  • 6/16/2011 Mitra Mamdouhi, CPA, Partner, Raffa, P.C., voted onto ACE DC Board of Directors | News Release

    Mitra Mamdouhi, CPA, a Partner with Raffa, has been voted onto the ACE DC Board of Directors in Spring 2011. Mitra brings expertise in tax matters relating to ownership, management and operations of real estate entities and related services. Possessing more than 25 years of diversified public accounting experience and a strong background in accounting and tax issues relating to corporations, partnerships and real estate entities, Mitra has in-depth knowledge of taxation, business operations, financial planning, management and tax compliance for U.S. and international companies in a variety of industries.

  • 3/1/2011 The Top 5 Responses to Clients Looking for Investment Advice | Disclosures


    ​Dennis Gogarty's top five responses to clients looking for investment advice.​
  • 11/1/2010 Investment Reserves Trust is not an Internal Control | ASAE

    As the capital markets have become more complex and less transparent, the amount of risk inherent in a portfolio becomes more and more important - and harder and harder to measure.  The need for simple benchmarks that account for the level of risk in a portfolio has never been greater.​
  • 7/21/2010 Companies for Causes (CforC) Prepares for 2010 Campaign Launch | News Release

    Make socially responsible connections that count. Today, Raffa, P.C. announced the launch of the 2010 Companies for Causes (CforC) campaign – a new social responsibility program that seeks to partner regional D.C. businesses with the non-profit sector. Modeling the power of private sector philanthropic collaboration, CforC brings together a group of like-minded companies and firms who seek to champion a corporate culture of giving within the Greater Washington region and expand donations by stimulating corporate and individual philanthropy.​

  • 3/15/2010 Not For Profit Solution Center Announces Customer Advisory Board to Enhance Microsoft Dynamics ERP and CRM Marketing Efforts | News Release

    Board Comprised of IT and Business Leaders with Vast Knowledge of the Technology Solutions Not-for-Profits Need to Be Successful in Tough Economic Environment Mar. 22, 2010 (Washington, DC)- The Not for Profit Solution Center, a network of Microsoft Dynamics partners and sales personnel, today announced that it has instituted a new customer advisory board to support its growing efforts in the Not-for-Profit (NFP), NGO (Non-Governmental Organization), membership and association markets for the company's Microsoft Dynamics ERP and CRM solutions in its East Region. Microsoft has supported organizations in these markets throughout most of its history.​

  • 3/1/2010 The Audit Committee's Must-Do List for 2010 | Board Source

    ​Tom Raffa wrote this "Guest Speaker" column for Board Source magazine.

    Traditionally, the role of the audit committee has been to monitor, oversee, and advise the organization’s managers and external auditor as they prepare financial statements and conduct audits, subject to the ultimate authority of the board. However, with the public focus on transparency and accountability, as evidenced by the expanded disclosures on the new Form 990 and the bad press that accompanies a scandal, the challenge for audit committees is to be more proactive in fulfilling their traditional role, complying with current and new legislation, and upholding their organization’s good standing under public pressure. This expanded role can be defined by some "must-do’s."

  • 1/29/2010 Innovative Partnerships Brings Human Resources Support to Greater Washington Area Nonprofit Organizations | News Release

    The Center for Nonprofit Advancement announced today the addition of human resources support to its Back Office in a Box (BOB) program. BOB is a suite of high-quality administrative services made available at a reasonable cost to Center member nonprofit organizations throughout the Greater Washington region including the District of Columbia, Northern Virginia and Montgomery and Prince George’s counties in Maryland.

    The newest service offering, BOB Human Resources, is designed to help nonprofit leaders maximize the effectiveness and efficiency of their organizations. BOB HR was developed in response to the needs of the region’s nonprofit sector and the Center’s nearly 800 member organizations.​

  • 1/1/2010 Washington SmartCEO Announces 2010 Fast Growth Companies | News Release

    What makes a Future 50 winner? The key word is growth. Washington SmartCEO magazine, in partnership with Clifton Gunderson LLP, announces the publication’s fifth annual Future 50 winners, debuting in the January 2010 issue.

    The Future 50 program recognizes the 50 fastest-growing companies in the Greater Washington area based on employee and revenue growth. This year’s Future 50 winners collectively employ 29,000 people and generate over $9 billion in revenue.​

  • 8/24/2009 Raffa Partners Join Together on Make a Difference Day | News Release

    On Saturday, October 24, annual Make a Difference Day, volunteers from RAFFA in DC and Rockville will be partnering to make repairs and safety modifications to the home of a local senior couple.​

  • 8/15/2009 Raffa Joins Ranks of IPA Top 100 Firms | News Release

    Raffa, P.C., a professional financial, technology, and consulting services firm, specializing in the nonprofit sector has been recognized by Inside Public Accounting as one of the nation’s Top 100 Accounting Firms. and has also been named to the IPA Top 100 Fastest-Growing Firms this year. The IPA rankings are among the longest running, most accurate, and up-to date rankings of the nation’s largest accounting firms.​

  • 6/15/2009 Greater DC Cares names Tom Raffa Business CEO of the Year for Social Value Leadership | News Release

    As part of their annual Business & Nonprofit Philanthropy Summit and Awards, Greater DC Cares recognizes a business leader who strives to balance the organization's bottom line with public good. This year the organization named Tom Raffa Business CEO of the Year for Social Value Leadership!​

  • 3/15/2009 Raffa PC Marks 25th Year with Merger | News Release

    Last week, hundreds of RAFFA, P.C. employees, clients, and strategic partners gathered downtown to celebrate the firm’s milestone 25th Anniversary. The celebration also included RAFFA, P.C.’s recent merger with the highly regarded CPA firm, Freidkin, Matrone & Horn, P.A, a women-owned CPA firm located in Rockville, MD known for providing top tier services to businesses and their owners. With the merger, FM & H will operate under the name RAFFA, P.C. , which now has a total of 16 partners and approximately 250 employees.​

  • 1/1/2009 How You Can Change the World: Corporate Social Responsibility | Disclosures Magazine

    Tom Raffa wrote this article on corporate social responsibility for the Virginia Society of Certified Public Accountants' magazine, Disclosures.

  • 8/22/2008 When Is HR Outsourcing Right for Your Organization? | Nonprofit Quarterly

    Human Resources (HR) outsourcing can address some of the staffing and skill- related problems that plague small and budget-strapped nonprofits. For these organizations, staffing an HR department with the right combination of full-time employees who have the right expertise can be a tall order. As a result, these organizations’ HR departments may suffer from a dearth of employees or critical skill gaps.

  • 8/1/2007 Pink Slips With Less Pain | Associations Now

    ​Most employee-employer relationships begin with great expectations and equally good intentions. But that’s not always enough. What’s the best way to approach “the talk"?

    Patricia Williams, a Raffa HR expert, was interviewed for this article.​

  • 3/21/2002 Managing Financial Uncertainty | Nonprofit Quarterly

    ​Tom Raffa wrote this article for Nonprofit Quarterly.

    In the past 12 months, we have seen significant declines in the stock market, an increase in the rate of unemployment, terrorist attacks, and actions to bolster our economy by the Federal Reserve System through numerous interest rate cuts.

    Some organizations have received significant contributions for victim assistance programs and similar activities. Other organizations have seen funding reductions from private foundations, with reduced distributions as a result of the current bear market, reduced membership receipts as members seek more value from their membership dollar, and redirection of charitable giving as a result of September 11.​

  • 12/4/2000 Tom Raffa on Advocacy and Lobbying Without Fear | Nonprofit Quarterly

    ​Those of us working within the nonprofit community, and particularly in or with 501(c)(3) public charities, recognize advocacy as a vital part of our mission. However, many of us get caught up in the delivery of services and may spend very little time advocating for the very systemic changes that could reduce the extensive need for the services we deliver.