Blackman & Sloop Advisors, Inc.

06/15/2026

Please join us in welcoming Maclain Coords and Lee Worrix to the Blackman & Sloop team!👏

We are excited to have them on board and look forward to the knowledge, experience, and energy they will bring to our team and our clients.

Welcome to Blackman & Sloop, Maclain and Lee. We are glad to have you with us!

06/12/2026

Does your pharmacy have a budget, or are financial decisions being made as issues arise? 💵

A well-developed budget can do more than track income and expenses. It can help independent pharmacy owners manage cash flow, plan for growth, evaluate spending decisions, and prepare for unexpected challenges.

In our latest blog, we discuss why budgeting is one of the most important financial management tools for independent pharmacies, along with practical steps for building a budget and using it effectively throughout the year.

Read more: https://b-sadvisors.com/why-every-pharmacy-needs-a-budget-and-how-to-actually-use-it/

At Blackman & Sloop, we work with independent pharmacies to develop budgets, forecast cash flow, and create financial plans that support long-term success and informed decision-making.

For independent pharmacies, budgeting often feels like a daunting or even unnecessary task. After all, you’re busy managing day-to-day operations, juggling staff, handling reimbursements, and serving your community. It’s easy to think, “If the business is making money, why worry about a bu...

06/09/2026

Are your nonprofit's funds being managed and reported appropriately?💵

Properly accounting for restricted and unrestricted funds is essential to honoring donor intent, maintaining compliance, and supporting your organization's mission. Even small reporting errors can create audit challenges and erode stakeholder confidence.

Our latest blog explores common pitfalls nonprofits face when managing donor-restricted contributions and shares practical guidance for improving financial stewardship and accountability.

Read the full article: https://b-sadvisors.com/unpacking-restricted-vs-unrestricted-funds-avoiding-misuse-and-misreporting/

If your organization needs guidance on fund accounting, financial reporting, or nonprofit compliance, reach out to the Blackman & Sloop team. We'd be happy to help.

For nonprofits, understanding the distinction between restricted and unrestricted funds is more than a matter of good bookkeeping—it’s essential to maintaining donor trust, ensuring compliance, and preserving your organization’s long-term mission. Misunderstanding or misreporting fund classifi...

06/01/2026

At Blackman & Sloop, we believe inclusion and respect strengthen our workplace, our communities, and the relationships we build every day. We celebrate the LGBTQ+ community and reaffirm our commitment to creating a culture where everyone feels seen, supported, and empowered to be themselves.

Happy Pride Month! 🌈

05/29/2026

The accounting profession is constantly evolving, and the professionals who continue to grow are often the ones who stay curious, embrace new challenges, and invest in lifelong learning.📚

In our latest career blog, members of the Blackman & Sloop team share how pursuing certifications, expanding their expertise, and embracing a growth mindset has helped them strengthen their careers and better serve clients.

Whether you're just starting your career or looking to take the next step, professional growth is an investment that pays dividends over time.

Read the full blog: https://b-sadvisors.com/why-the-best-accounting-professionals-never-stop-learning-how-a-growth-mindset-strengthens-careers-teams-and-client-relationships/

Interested in building your career with a firm that invests in its people? Explore opportunities at Blackman & Sloop: https://b-sadvisors.com/careers/

In accounting, no two years ever look exactly the same. As technology evolves, client needs shift, industries adapt, and new regulations emerge, the professionals who thrive long-term are rarely the ones relying solely on what they learned years ago. Instead, they are the ones willing...

05/25/2026

Today, we honor the men and women who made the ultimate sacrifice in service to our country.

Their dedication, courage, and selflessness are a powerful reminder of the values that shape our nation. As we reflect this Memorial Day, we are reminded of the importance of remembrance and the responsibility to carry forward our gratitude.

Their service will always be remembered.❤️

05/19/2026

Strategic mergers can create new opportunities for nonprofit organizations, but they also introduce significant financial and operational considerations.

Before moving forward, organizations need to understand more than mission alignment. Financial due diligence, funding restrictions, internal controls, liabilities, and operational compatibility all play an important role in whether a merger strengthens the organization long term.

In our latest blog, we walk through several key financial areas nonprofit leaders should evaluate before signing a merger agreement and why early planning can help avoid costly challenges later.

When approached thoughtfully, a merger can support sustainability, improve efficiency, and expand community impact.

➡️ Read more: https://b-sadvisors.com/strategic-mergers-in-the-nfp-sector-financial-considerations-before-you-sign/

In today’s nonprofit landscape, organizations are increasingly exploring strategic mergers to expand reach, reduce overhead, or increase programmatic impact. Whether driven by economic pressures, mission alignment, or leadership transitions, mergers can be powerful tools—but they also come with ...

05/12/2026

How does your pharmacy compare financially to similar independent pharmacies? 💡

Benchmarking can provide valuable insight into the health of your business by helping you evaluate key metrics such as gross margins, operating expenses, inventory turnover, payroll costs, and overall profitability. Understanding how your numbers compare to industry p*ers can help identify opportunities to improve operations, strengthen financial performance, and support long-term planning.

In our latest blog, we discuss why pharmacy benchmarking matters, which financial metrics to monitor, and how benchmarking can support more informed business decisions.

Read more: https://b-sadvisors.com/pharmacy-benchmarking-how-do-you-compare-to-your-p*ers-financially/

At Blackman & Sloop, we help independent pharmacies analyze financial performance, interpret benchmarking data, and identify opportunities for growth and operational improvement.

In the competitive world of independent pharmacies, knowing how your business stacks up against similar operations is critical for informed decision-making and long-term growth. Pharmacy benchmarking provides valuable insights by comparing key financial and operational metrics against industry p*e...

05/10/2026

Today, we take time to recognize and celebrate the many roles mothers and caregivers play in our lives. Their strength, patience, and unwavering support shape not only families, but entire communities.

Motherhood looks different for everyone, but the impact is always meaningful. Today is a reminder to pause, reflect, and appreciate the care and dedication that often happens behind the scenes.

Wishing a Happy Mother’s Day to all who nurture, support, and uplift others! 🌷

05/01/2026

What if your next audit felt… manageable?

For many nonprofits, audits can feel reactive and time-consuming. But with increasing donor expectations and compliance requirements, being prepared year-round is becoming essential.

In our latest blog, we share practical strategies to help controllers and CFOs take a more proactive approach, from strengthening internal controls and improving documentation to creating clear timelines and better communication with auditors.

A more structured approach can reduce stress, improve efficiency, and strengthen trust with stakeholders.

➡️ Read more: https://b-sadvisors.com/audit-readiness-for-nonprofits-best-practices-for-controllers-and-cfos/

As donor expectations, grant compliance requirements, and regulatory scrutiny continue to increase, audit readiness has become a strategic priority for nonprofit organizations. For controllers, CFOs, and finance leaders, being “audit ready” extends far beyond preparing for year-end fieldwork. It...