Q: Tell us a little about yourself.
I started my career in regional banking in Ohio. Since then, I worked as a Chief Financial Officer (CFO) for Better Housing Coalition and Family Lifeline (formerly Family & Children’s Services).
I started The Stone Financial Group in 2004 to address the needs of small to medium nonprofit organizations that did not have a CPA or CFO position on staff.
Q: Tell us a little about your work.
My main focus is in helping nonprofit organizations obtain heightened comfort levels with their finances and financial management. This may include helping to develop operating or program budgets, install and train on new accounting/bookkeeping software, assisting with grant applications, implement financial management processes and procedures, prepare 1023 applications and act as a contract CFO to offer guidance as specific issues may arise.
I take great satisfaction in my work. I love to see staff and board members with a new awareness and energy around their financial reporting and processes.
Q: How does your work align with ConnectVA’s mission?
Often when I first start working with an organization, there is a lot of time spent getting systems in place, updating the accounting system and providing training to both board members and staff. There is a lot of dependence on my input and efforts to keep financial health of the organization moving forward as the organizations itself advance. Soon this same organization becomes much more independent and is able to put in place the next level of financial and program management on their own.
I think this work fits in well with the focus on strengthening the community by adding strength and knowledge tomthe nonprofit which provides answers to the community’s need.
Melody Stone is a Ohio Northern University graduate. She is a current member of Leadership Metro Richmond, Chesterfield Business Alliance, Account & Financial Women’s Alliance, the American of CPA and the Virginia Society of CPA.