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.

Capital Campaign Accounting and Planning for Nonprofits

Nonprofits that rely on donations should always be eyeing opportunities to execute a multi-year...

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Creating a Gift Acceptance Policy and Process for Nonprofits

February 1, 2022 - Accepting a gift may seem like a simple thing for a nonprofit to do. However,...

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

July 1, 2021 - Common sense tells us that every business needs to know how money is being spent in...

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What MN Nonprofits Need to Know About Unemployment Claims Right Now

April 29, 2021 - Employers across the country saw a dramatic surge in unemployment due to the...

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What Nonprofits Can Do to Recover from the Coronavirus Crisis

May 13, 2020 - As states begin to allow businesses to open and employees return to work, there is a...

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Resources to Help Nonprofit Leaders Navigate the COVID-19 Crisis

April 10, 2020 - Health experts are predicting the next two weeks will be the most difficult...

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The Minnesota Disaster Recovery Fund and the Novel Coronavirus

March 19, 2020 - The Saint Paul and Minnesota Foundation has established a donation site to collect...

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

October 26, 2017 — In August 2016, the Financial Accounting Standards Board (FASB) issued...

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

October 17, 2017 — Fraud. It comes in many forms, and some firms, organizations, and institutions...

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Uniform Guidance: Procurement Grace Period

September 20, 2016 — You probably know that the new Uniform Guidance over federal programs allows...

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