Creators Financial, LLC

Creators Financial is a Somerville firm that serves as the outsourced accounting department for New England nonprofits. One team covers four levels of finance: bookkeeping, controllership, forecasting, and CFO-level leadership. It is built for executive directors and boards who cannot say with confidence whether their organization is financially healthy, and it aims to replace the unrealistic expectation that one staff member can handle every finance role at once.

A specialty is restricted and grant fund compliance and fiscal sponsorship, areas where mid-sized nonprofits often run into trouble with audits or funders. The team has managed between 100 and 150 separate funding sources at once for a single client. Work typically starts with reliable books and monthly closes, then builds up to internal controls and audit readiness, cash forecasting and budgets, and strategic support for capital projects, leadership changes, and board conversations.

What to Know

• The firm can work alongside a nonprofit’s existing bookkeeper.
• Monthly statements are meant to stay final once the books are closed.
• Forecasting includes a forward view of cash and planning for whether funds will last until the next grant.
• It is a member of the Somerville Chamber of Commerce.