Rhona Kwiram

CPA | Shareholder

About

Rhona is part of the wealth of musical talent at Clark Nuber.

A skilled pianist and vocalist, she enjoys attending operas, concerts and theater performances. Her love for the arts, paired with her talent for precision, makes her a successful part of the firm’s audit practice.

As a shareholder in our audit practice, Rhona brings a deep understanding of the accounting and business issues that not-for-profit organizations face. She is an expert in her consulting and also takes it a step beyond by helping guide a not-for-profit organization’s decision-making process and growth.

Practice Emphasis

  • Audits of not-for-profit organizations
  • Consulting with not-for-profit organizations on GAAP issues and reporting policy development, strategic planning, board responsibilities, risk management, investment tracking systems, and net asset tracking systems
  • Endowments
  • Management and external reporting
  • Internal controls and policies

Proven Results

  • Designed a compensation system for a private school, including a formula that calculated pay rates based both on seniority and merit. Illustrated the system with various charts to help in the acceptance and implementation of the new plan.
  • Designed a complex cash flow model to help a not-for-profit predict cash flow needs during a major capital campaign that involved multi-year pledges, matching gifts based on cash collections of pledges, and construction costs early in the campaign.
  • Worked with a not-for-profit arts group to develop a business plan that they successfully used for fund-raising purposes with major donors.
  • Developed an endowment tracking system, which pooled investment funds and allocated the earnings on a pro rata basis to the numerous separate funds included in the endowment. The system tracked restrictions and followed the organization’s spending policy, automatically re-allocating earnings from permanent to temporarily restricted per the policy and the donor’s restrictions.
  • Consulted with a not-for-profit arts organizations to set up a new endowment, including advice on policies, forms, solicitations, management, and accounting. Explained concepts and presented results to the newly formed Endowment Committee made up of Board members for their review and approval.

Education

  • Walla Walla University, B.S.B.A in Accounting, Summa Cum Laude

Activities

  • Frequent speaker on financial, governance, and accounting issues for not-for-profit organizations
  • American Institute of Certified Public Accountants
  • Washington Society of Certified Public Accountants
  • Member of the National Association of College and University Business Officers
  • Member of the Western Association of College and University Business Officers
  • Member of the Board, Independent Colleges of Washington (ICW), 2013 – present
  • Member of the Board, Walla Walla University, 2011 – present
  • Treasurer, Out of the Gray, 2008-present
  • Treasurer, Eastside Theatre Arts, 2004-present
  • Treasurer and Vice President, Green Lake Foundation, 2003-present
  • Finance Committee Chair, Green Lake Church, 1995-present

Past Activities

  • Treasurer, Leave a Legacy of Western Washington
  • Board President, Treasurer, Seattle Choral Company
  • Treasurer, Finance Committee, WSCPA
  • Chair of Not-for-Profit Committee, WSCPA
  • Chair of Not-for-Profit Conference, WSCPA
  • Chair of Women’s Leadership Summit Committee, WSCPA
  • Long-range Strategic Planning Committee, Seattle Opera
  • Audit Review Committee, United Way of King County
  • Business School Advisory Board, Walla Walla University

My Life by the Numbers

20+

Years at Clark Nuber

7

Boards and committees she is a member of

2

Blocks she lives from her favorite people (brother, sister-in-law and two nieces)

1

Instrument she plays

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