Stop NonProfit Fraud by Tiffany Couch

Stop NonProfit Fraud

Understand, Identify, & Prevent Fraud in Your NonProfit Organization

THE BACKSTORY

The average fraud loss in a Nonprofit Organization is $75,000.
 
$75,000. What could your Nonprofit do with that kind of money?  
 
Perhaps you found Stop Nonprofit Fraud because you were curious about a link. Perhaps you found us because you feel as if something isn’t quite right at your Nonprofit Organization and you can’t quite put your finger on it. Perhaps you found us because you are new to your position and want to be the best Board Member you can be. 
 
You’ve come to the right place. 
 
My name is Tiffany Couch & I have dedicated my 20+ year accounting career to helping organizations of all sizes deter and uncover fraud. And over that span, I have mastered the key distinctions on how fraud happens, who commits it, and how to prevent it.  
 
I have also come to find that Nonprofit organizations are particularly vulnerable to fraud. 
 
You may be thinking that “Fraud can’t happen here.” Please don’t make that mistake! As you will learn, no organization is immune, and it is often those with the “best and most trusted” employees and volunteers that suffer the most devastating losses. 
 
Watch the brief video above as I tell you about one of those clients who suffered financial losses of nearly $90,000  - at the hands of a most beloved employee.
 
We know the devastating financial and emotional losses fraud brings. We know your uncertainty in reading and understanding your financial information. And we also know that a few basic concepts and tools can empower you to make sound financial decisions and reduce your fraud risk all at the same time. 
 
Welcome to Stop Nonprofit Fraud – the Board Members’ Blueprint. We are here to educate and empower you, and we can’t wait to get started.

This sounds great Tiffany, but what EXACTLY am I getting?

Great question...let's dive in:

Note: Our course has been designed with the busy board member in mind. Inside you'll find that our core content videos are highly consumable & highly actionable. No fluff here.  
You can't build a house without a solid foundation, right?  Nor can you protect your nonprofit organization without having an understanding of the basics of fraud. Follow along as I cover the key distinctions of insider fraud and set the stage for what's to come. Don't skip this critical component of the course. 
Here we take an in-depth look at fraud on a personal level. During my 15+ year career investigating financial crimes, I have learned that those who perpetrate fraud are NOT who we would expect. In this module you will learn the key traits & behavioral clues that are consistent with all cases of insider fraud. 
A.K.A - The Nonprofit in the Mirror
Let's explore what happens to a nonprofit when insider fraud occurs. The discovery. The attempt at rationalizing behaviors. The red flags. The fallout. It's all here.

It's in this module that I'll also reveal a pivotal distinction about the impacts of financial fraud that I have uncovered over the course of my career.
(Hint: It's NOT about the money)
We've divided Module 4 into two separate categories. In this first section, we'll discuss the essential role that whistleblowers play in the detection of fraud - and the steps that you can take within your nonprofit to ensure that their voices are heard. 
"Tiffany - my nonprofit is covered...and we really don't have anything to worry about. We have an audit every year and they always give us a clean bill of health."

WRONG

It's this kind of thinking and rationalization that allows fraud to continue in an organization for far too long. In this module we'll delve into the responsibilities of auditors and most importantly why having an audit is NOT a safeguard against insider fraud. 
Ok, now that we've laid the foundation, met the fraudsters & victims, the whistleblowers & auditors...let's get into the nitty-gritty: What are the most prevalent fraud schemes that are perpetrated against nonprofit organizations?  After completing this module, you'll feel confident in your ability to identify the red flags & potential vulnerabilities that exist within your nonprofit. 
In this module we'll examine the components of a robust fraud prevention program & the steps that you can take to limit opportunity within your nonprofit.

As a Nonprofit Board Member, the fiduciary responsibilities that you have to your organization are vitally important. Do you know what they are?  Are you following them?  Utilize the knowledge learned here in this last module to not only protect your organization, but to protect yourself as a board member as well. 

"Bonuses? I hate bonuses."

SAID NO ONE EVER.

That’s why I am including the following 6 bonuses as part of the Stop Nonprofit Fraud course. 
Why these specific bonuses you may ask?  Because throughout my career of investigating nonprofit fraud, I have identified the one essential component in how these frauds are allowed to continue for months, sometimes years…

...and it’s a nasty four letter word:

FEAR

That’s right. F-E-A-R. Fear rooted in basic knowledge of financials. You see, when people (i.e. most board members) are not well versed in financials, they are afraid to ask questions. Afraid to raise their hand. Afraid to say “Hey, I don’t know what this means.”  This fear is not only what most fraudsters count on, but in my opinion is an unnecessary evil that allows fraud to remain undetected.

I am here to remove that fear. 

Walk with me through these bonus features, as I guide you through the steps of financial literacy. Feel empowered. Feel confident. Feel that fear subsiding. It’s not that hard…I promise!

Understanding a balance sheet and its role within your organization's financial health is crucial.

Here I take you step-by-step through a sample nonprofit balance sheet and reveal the key aspects and distinctions that every board member needs to know. 
We've all seen an income statement (also known as a Profit & Loss statement or P&L).  But have we stopped to consider how this relates to the balance sheet and the clues that lie within it to detect a potential fraud?

Walk away from this bonus section with the knowledge and tools necessary to easily decipher what this important document is revealing. 
Ok...this one has the tendency to flummox even the savviest of financial professionals.  Not anymore.

Follow along as I take you line by line through a Cash Flow Statement and divulge not only its key aspects, but its relationship with other financial reporting documents as well. 
I've considered including this section as part of the Core Content of the course because it is

Just. That. Important.

After this section you'll be adept at spotting the most prevalent fraud schemes we discussed during Module #5. 

Does your organization utilize credit cards?  We've got you covered with an entire section on how to read & review credit card statements as well. 
Skip this step at your own peril.

The ability to read and decipher just what your payroll report is telling you is another key aspect in your fraud prevention program. Do you know how to spot:
  • Unauthorized payroll checks
  • Unauthorized bonus checks
  • Unauthorized pay rate increases
I've seen payroll frauds that have left nonprofit organizations crippled. Consider this your best defense to identify it - and stop it in its tracks.  
There are many aspects to a robust fraud prevention program. Inside of Bonus #6 are tools that will bridge the gap from education to ACTION.  From swipe files to powerful Microsoft Excel workbooks  - these tools were designed for quick & easy implementation in your nonprofit.  

Tiffany R. Couch, CPA/CFF, CFE

Let's meet the instructor:
Almost as much as I love my clients’ “aha” moments, so too do I love watching the same “aha” moments from my students and members of my audience! I have presented to groups throughout North America ~ from accountants and auditors to investigators and legal firms to business & nonprofit organizations in a myriad of industries. I believe there is more to fraud and forensic accounting than the technical aspect of our roles and understanding the “human” side of fraud helps organizations deter it and helps auditors find it.

I am a faculty member for the Association of Certified Fraud Examiners (ACFE), and in 2014 was honored as their James R. Baker Speaker of the Year, presented to an individual who has “demonstrated the true spirit of leadership, communication, presentation, and quality instruction.”  I am also the author of The Thief in Your Company, a book that explores the financial and emotional impacts of insider fraud.

Learn more about me, my credentials, and my dedication to the fields of 
Forensic Accounting & Fraud Prevention Education here. 

Tiffany's work has been featured in:

Testimonials

"Recommendations on internal controls presented succinctly, simply, inspirationally and in a way that wasn't overwhelming or complicated." 
~ Wendy R.
"Tiffany is a world-class presenter. Thank you.  Excellent material. We will use it!"
~ Kaitlin S.
"I've been an auditor / examiner for 30 years and sat through many training seminars on fraud, but this was easily the best one ever. Great perspectives and practical tips to use in the field. 100% agree with"
~ Seminar Attendee

FAQ

We have great internal controls and the best employees. Do I really need this?

Absolutely.  No organization is immune from financial fraud. In fact, small to medium sized nonprofits are especially prone, given their perceived lack of resources. Even if you have robust internal controls, this course will complement them...making your fraud prevention program ROCK SOLID.  Whether you're starting from scratch, or just looking to beef up your controls...Stop Nonprofit Fraud is for you. Guaranteed. 

My entire board NEEDS to see this. Do you offer discounts for multiple purchases?

Indeed we do!  In fact we encourage ALL members of your Board to participate in this course. As such, we offer significant discounts for the purchase of 3 or more licenses. With bulk purchases, each member you designate will receive their very own login & access information.

Please email us directly at: Sales@StopNonProfitFraud.com to inquire about bulk purchases. 

Who is this course designed for? Will it fit the needs of my specific organization?

Stop Nonprofit Fraud was designed for small to medium sized nonprofits like Charitable organizations, Civic & Local Leagues, Trade or Professional Organizations, Social or Recreational clubs, Fraternal Societies and others. Basically if your organization brings in any funds at all, be it from fundraisers or donations, the potential for fraud exists. The principles that we outline in Stop Nonprofit Fraud are applicable to ALL nonprofits. 

Do you offer any kind of guarantee?

Yes. We pride ourselves on high quality programs and content & we stand behind our products 100%. If within 30 days you are unhappy for whatever reason, just email our customer support and you will receive a full refund.  Note - we are NOT guaranteeing that you will uncover or prevent all frauds within your organization. Obviously we can't make that type of guarantee. 

Is there something else that I have to buy in order to prevent fraud in my organization?

The principles of Stop Nonprofit Fraud were designed for quick and easy implementation within your organization without the need for additional costs or staff. We do however make recommendations on items that can enhance your Fraud Prevention Program, and while we consider these helpful additions, they are not required.