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    Redpath Insights

    Cathy Lydon, CPA

    Cathy Lydon, CPA
    Cathy Lydon is a director and leads the not-for-profit and governmental industry team at Redpath and Company. She has been in public accounting since 2004 and specializes in working with not-for-profit organizations. Cathy has extensive experience performing financial audits and Federal single audits in accordance with Uniform Guidance. Her audit experience also includes governmental entities, charter schools, healthcare, DEED Extended Employment Program Compliance audits, and employee benefit plan audits. Cathy has been a member of the Redpath team since 2008. Cathy is a holder of The Advanced Single Audit Certificate issued by the AICPA. The Advanced Single Audit Certificate requires the ability to evaluate and analyze the core concepts related to client acceptance, engagement planning, engagement analysis, concluding an engagement, and guiding principles for single audits at an advanced level as outlined in the AICPA Competency Framework: Governmental Auditing. Relevant continuing professional education includes the annual AICPA Not-for-Profit Industry Conference and the annual MNCPA Not-for-Profit Conference.
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    Recent Posts

    Capital Campaign Accounting and Planning for Nonprofits

    Capital Campaign Accounting and Planning for Nonprofits

    By Cathy Lydon, CPA |
    Nonprofit, Accounting
    | 12 May 2022

    Nonprofits that rely on donations should always be eyeing opportunities to execute a multi-year fundraising campaign. Whether it’s a capital campaign…

    Creating a Gift Acceptance Policy and Process for Nonprofits

    Creating a Gift Acceptance Policy and Process for Nonprofits

    By Cathy Lydon, CPA |
    Nonprofit, Taxes
    | 1 February 2022

    February 1, 2022 - Accepting a gift may seem like a simple thing for a nonprofit to do. However, having written  policies and processes for accepting…

    How to Properly Allocate Expenses in Your Nonprofit Financial Statements (and Why It Matters)

    How to Properly Allocate Expenses in Your Nonprofit Financial Statements (and Why It Matters)

    By Cathy Lydon, CPA |
    Tax Planning Strategies, Nonprofit
    | 1 July 2021

    July 1, 2021 - Common sense tells us that every business needs to know how money is being spent in order to know if the business is truly profitable.…

    What MN Nonprofits Need to Know About Unemployment Claims Right Now

    What MN Nonprofits Need to Know About Unemployment Claims Right Now

    By Cathy Lydon, CPA |
    Nonprofit
    | 29 April 2021

    April 29, 2021 - Employers across the country saw a dramatic surge in unemployment due to the COVID-19 pandemic and nonprofits were not spared, with…

    What Nonprofits Can Do to Recover from the Coronavirus Crisis

    What Nonprofits Can Do to Recover from the Coronavirus Crisis

    By Cathy Lydon, CPA |
    Nonprofit, COVID-19, Paycheck Protection Program
    | 21 May 2020

    May 13, 2020 - As states begin to allow businesses to open and employees return to work, there is a mix of optimism and concern regarding employee…

    Resources to Help Nonprofit Leaders Navigate the COVID-19 Crisis

    Resources to Help Nonprofit Leaders Navigate the COVID-19 Crisis

    By Cathy Lydon, CPA |
    Insider, Nonprofit, COVID-19
    | 10 April 2020

    April 10, 2020 - Health experts are predicting the next two weeks will be the most difficult stretch in time during the COVID-19 crisis in the United…

    The Minnesota Disaster Recovery Fund and the Novel Coronavirus

    The Minnesota Disaster Recovery Fund and the Novel Coronavirus

    By Cathy Lydon, CPA |
    News, Nonprofit, COVID-19
    | 19 March 2020

    March 19, 2020 - The Saint Paul and Minnesota Foundation has established a donation site to collect and redistribute funds to be allocated for…

    Is Your Not-for-Profit Preparing for the FASB Accounting Standards Update?

    By Cathy Lydon, CPA |
    Tax Planning Strategies, Nonprofit
    | 26 October 2017

    October 26, 2017 β€” In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14, which has…

    Are You a Nonprofit? Let’s Talk About Fraud Mitigation

    Are You a Nonprofit? Let’s Talk About Fraud Mitigation

    By Cathy Lydon, CPA |
    Nonprofit
    | 17 October 2017

    October 17, 2017 β€” Fraud. It comes in many forms, and some firms, organizations, and institutions are more vulnerable than others. Nonprofits can be…

    Uniform Guidance: Procurement Grace Period

    By Cathy Lydon, CPA |
    Procurement
    | 20 September 2016

    September 20, 2016 β€” You probably know that the new Uniform Guidance over federal programs allows for a two year grace period for implementation of…

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