RiskWatch
RiskWatch International · Founded 1993 · Annapolis, MD, USA
Mid-market nonprofit compliance platform with Form 990, UPMIFA, Single Audit, state charity registration, donor privacy, NIST 800-171, and HIPAA pre-mapped.
Summary
RiskWatch ships a compliance assessment platform built around pre-mapped control libraries for 40-plus regulatory frameworks including IRS Form 990 (26 USC 6033) governance and the 16 Schedules A through R, UPMIFA endowment management adopted in 49 states plus DC, OMB Uniform Guidance 2 CFR Part 200 Single Audit (Schedule of Expenditures of Federal Awards plus the OMB Compliance Supplement major programme testing matrix), state charitable-solicitation registration across the 40-plus states that require it (NY Article 7-A + EPTL, CA AB-488 + Government Code 12586, Florida Solicitation of Contributions Act, Illinois Charitable Trust + Solicitation Acts, Massachusetts Form PC, Washington RCW 19.09), donor privacy under Americans for Prosperity Foundation v. Bonta plus California AB-488 (effective January 1 2024), NIST 800-171 r3 and CMMC 2.0 for HHS and DOD federal grant recipients under DFARS 252.204-7012, HIPAA for nonprofit-operated federally qualified health centres and free clinics, PCI DSS v4.0.1 for online donation processing, and GDPR plus UK GDPR for international donors and EU programmes. The platform runs on a survey-based assessment engine plus an evidence vault and a cross-mapping engine that auto-detects shared controls across Form 990 governance, UPMIFA, Single Audit, state charity registration, and donor privacy. First-party physical-security assessment for charity offices, federally-funded community health centres, food banks, shelters, and field locations runs in the same tenant. Customers include US national charities, community foundations, university foundations, federated relief organisations, federally qualified health centres, and faith-based organisations. The product has been in the field since 1993; single-tenant deployment is available for federal-grant CUI and state donor-data residency requirements.
Strengths
- Pre-built control libraries for IRS Form 990 (26 USC 6033) and Schedules A through R, UPMIFA (49 states plus DC), 2 CFR 200 Uniform Guidance Single Audit, state charitable-solicitation registration (NY Article 7-A + EPTL, CA AB-488, FL, IL, MA Form PC, WA RCW 19.09), donor privacy under Americans v. Bonta, NIST 800-171 r3 + CMMC 2.0, HIPAA, PCI DSS v4.0.1, and GDPR + UK GDPR in one tenant
- Cross-mapping engine auto-detects shared controls across Form 990 governance (Part VI) + UPMIFA prudent-investment-policy + Single Audit Compliance Supplement + state charity registration + donor privacy so the CFO, Compliance Officer, Director of Finance, and Development Director all draw from the same evidence vault
- Form 990 governance workflow with the 990 Part VI questions auto-populated from policy-management artefacts (whistleblower policy, document-retention policy, conflict-of-interest policy, gift-acceptance policy, joint-venture policy, compensation review) and the audit-committee minutes tied to the answer trail
- UPMIFA prudent-investment-policy attestation workflow and donor-restricted-fund tracking aligned to FASB ASC 958 net-asset classes (with-donor-restrictions vs without) and ASU 2018-08 conditional / unconditional contribution distinction
- Single Audit Schedule of Expenditures of Federal Awards (SEFA) workflow with the 2025 OMB Compliance Supplement major-programme testing matrix; output is the format the independent auditor needs to opine on each major programme
- State charitable-solicitation registration tracker with the Unified Registration Statement (URS) reusable evidence layer plus the 40-plus state-specific annual filings; California AB-488 fundraising-platform registration workflow surfaced from the same tenant
- 33-year operating history with US state, federal, and regulated-industry customers; first-class evidence-pack exports useful when the Internal Revenue Service Exempt Organisations division, the state Attorney General's charity bureau, or an independent auditor opens an inquiry on 30-day notice
- Survey-based assessment engine works for non-technical control owners (Executive Director, Board Audit Committee Chair, Treasurer, Development Director, Director of Programmes) without a workflow-builder learning curve
- Published Standard tier at $99 per month is the most accessible entry point in this ranking for a sub-$10 million revenue community charity, faith-based organisation, or local food bank
Weaknesses
- Not a purpose-built Form 990 e-filing tax-engine at the Workiva (NYSE WK) or Aplos depth; charities that file Form 990-PF private-foundation returns or run Form 990-T unrelated-business-income at scale should pair with a tax-engine partner
- Not a donor-CRM and fundraising-platform at the Blackbaud, Bloomerang, Salesforce Nonprofit Cloud, or DonorPerfect depth; pull donor records from those tools rather than re-modeling them in compliance
- Not a fund-accounting and FASB ASC 958 ledger at the Sage Intacct, MIP, or Workday Adaptive depth; integrate, do not replace
- Public pricing tiers stop at Professional and the Enterprise tier is quote-only because deployment topology varies materially for federated networks and field-office consolidation
- Brand awareness on G2 and Capterra in the nonprofit-compliance cohort specifically is lower than Workiva, Optro, OneTrust, or MetricStream; total third-party review volume in the nonprofit cohort sits below 100
- UI shows its operational-heritage in places; competing newer SaaS-cloud-first entrants (Drata, Hyperproof) have a more polished first-run experience for the technically-fluent CIO at a larger charity
Mid-market US 501(c)(3) public charities ($25M-$250M revenue), community foundations, university foundations, federated relief organisations, federally qualified health centres operated by nonprofit boards, and faith-based organisations running Form 990 + UPMIFA + Single Audit + state charity registration + donor privacy + NIST 800-171 + HIPAA in one tenant.
Sub-$1M revenue all-volunteer charities that need only a free Form 990-N postcard filing; the platform is over-built for that brief and the price reflects the multi-framework value proposition. Also a poor fit if the buyer wants a donor-CRM or fund-accounting ledger; RiskWatch integrates with those tools rather than replacing them.
Key features
- Pre-built control libraries for IRS Form 990, UPMIFA, 2 CFR 200 Uniform Guidance Single Audit, state charitable-solicitation registration (40-plus states), donor privacy under Americans v. Bonta plus California AB-488, NIST 800-171 r3 + CMMC 2.0, HIPAA, PCI DSS v4.0.1, and GDPR + UK GDPR
- Cross-mapping engine that auto-detects shared controls across Form 990 governance, UPMIFA, Single Audit, state charity registration, and donor privacy
- Form 990 governance workflow with Part VI policies attested and audit-committee minutes tied to the answer trail
- UPMIFA prudent-investment-policy attestation plus donor-restricted-fund tracking aligned to FASB ASC 958 net-asset classes
- Single Audit SEFA preparation with 2025 OMB Compliance Supplement major-programme testing matrix
- State charitable-solicitation registration tracker with Unified Registration Statement reusable evidence
- Donor-privacy programme with Americans v. Bonta defensibility and California AB-488 fundraising-platform registration
- Evidence vault with versioning and audit-ready export for the IRS Exempt Organisations division, the state AG charity bureau, and the independent Single Audit auditor
- Single-tenant deployment for federal-grant CUI and state donor-data residency requirements
Integrations
25+ native. Notable: Microsoft Entra ID (SAML SSO), Okta, Microsoft 365 / SharePoint, Slack, Sage Intacct, Blackbaud Raiser's Edge NXT (via API), Salesforce Nonprofit Cloud (via API), Custom REST API.
Target size
25 to 25,000 employees · US · Canada · EU · UK · AU