Financial Reports

PGRNY Independent Financial Review

During the Spring of 2020, the Patriot Guard Riders of New York, Inc. retained the services of a New York-based independent accounting firm, RBT CPAs, LLP. The firm was tasked with conducting an analysis of the fiscal processes and tracking procedures utilized by the Patriot Guard Riders of New York, and identifying potential areas of concern therein. The scope of the work performed by RBT CPAs included:

A review of the QuickBooks® financial activity for 2019 to verify proper classification.
Test samples of cash disbursements and credit card transactions for propriety, proper classification, and adherence to PGRNY bylaws and/or policies.
Review monthly bank reconciliations to verify accuracy.
Identify suggestions to correct deficiencies and/or improve processes and controls.
Advise the PGRNY Treasurer in the preparation of IRS required Form 3115 to convert PGR from cash- to accrual-basis accounting.

The agreed-upon engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants, and a final report issued on 20 June 2020, with no significant deficiencies found.

In a project status update provided on 15 June, 2020, it was stated by a representative of the firm, in part; “For a relatively small organization with only volunteer support, you appear to have strong governance and consideration for safeguards, such as officer/board approvals and proper documentation.”

Also, several experienced members of our Board of Directors performed a comprehensive review of all income and expenses of PGRNY since its inception over 15 years ago. There were no inconsistencies or issues related to record keeping or balancing to our bank statements.

I am very proud of the management team of the Patriot Guard Riders of New York. Their continuous hard work, dedication and professionalism has resulted in a professionally-recognized level of organizational credibility that is typically found only in highly-rated for-profit corporations.

As further testament to their hard work, the Patriot Guard Riders of New York, Inc. organization has earned, and continues to be rated at the Platinum Seal level with GuideStar, an information service specializing in reporting on U.S. nonprofit companies.

Bill Schaaf
State Captain
Patriot Guard Riders of NY