2(e) Accounting system identifies Yes No Not sure of grant funds 0 2 1 (provides a safe-guard to avoid debt) 3. FUND CONTROL 3(a) Separate bank account is maintained for Yes No Not sure grant funds 0 2 1 3 (b) Grants expenses be easily identified Yes No Not sure (monitoring and transparency) 0 2 1 3(c) Officials of the organization bonded or Yes No Not sure have adequate insurance 0 2 1 (coverage for financial risk or loss) 4. FINANCIAL REVIEW 4(a) Financial Statements were recently Yes or N/A No Not sure audited by a CPA what year? 0 2 1 ___________ 4(b) If yes to above question, audit opinion Unqualified Qualified Adverse Disclaimer is what type? opinion opinion Opinion of Opinion (rate (rate 0 5 overall overall High Risk) High risk) 4(c) Financial position as determined by Strong i.e. Medium Weak Extremely – – – reviewing financial statements, 990 forms, no operating i.e. recent weak - or both (circle which type of financial losses, operating significant several information was reviewed below). Several strong losses in operating years of years of 990 information can usually be positive net current losses, operating found on the assets year, and large net losses, Attorney General’s website if the organization is a registered charity. low or asset large Make sure the information provided by the negative deficits recurring organization is recent. If an organization net assets (rate net asset a recent audited overall deficits can’t/won’t provide financial statement or 990s, rate as overall High Risk) (rate High Risk. overall High risk) Financial Stmt Reviewed Year _______ 0 990 Reviewed Year _______ 3 5. Type of Organization Government Agency no documentation required. – Tribal Government no documentation required. – Nonprofit or nongovernmental organization
2(e) Accounting system identifies of grant funds (provides a safe-guard to avoid debt) Yes 0 No 2 Not sure 1 3. FUND CONTROL 3(a) Separate bank account is maintained for grant funds Yes 0 No 2 Not sure 1 3 (b) Grants expenses be easily identified (monitoring and transparency) Yes 0 No 2 Not sure 1 3(c) Officials of the organization bonded or have adequate insurance (coverage for financial risk or loss) Yes 0 No 2 Not sure 1 4. FINANCIAL REVIEW 4(a) Financial Statements were recently audited by a CPA what year? ___________ Yes or N/A 0 No 2 Not sure 1 4(b) If yes to above question, audit opinion is what type? Unqualified opinion 0 Qualified opinion 5 Adverse Opinion (rate overall High Risk) Disclaimer of Opinion (rate overall High risk) 4(c) Financial position as determined by reviewing financial statements, 990 forms, or both (circle which type of financial information was reviewed below). Several years of 990 information can usually be found on the Attorney General’s website if the organization is a registered charity. Make sure the information provided by the organization is recent. If an organization can’t/won’t provide a recent audited financial statement or 990s, rate as overall High Risk. Financial Stmt Reviewed Year _______ 990 Reviewed Year _______ Strong – i.e. no operating losses, strong positive net assets 0 Medium – i.e. operating losses in current year, and low or negative net assets 3 Weak – recent significant operating losses, large net asset deficits (rate overall High Risk) Extremely weak - several years of operating losses, large recurring net asset deficits (rate overall High risk) 5. Type of Organization Government Agency – no documentation required. Tribal Government – no documentation required. Nonprofit or nongovernmental organization