RiskWatch
RiskWatch International · Founded 1993 · Annapolis, MD, USA
Multi-framework risk platform for nonprofits running Form 990 + Uniform Guidance + Single Audit + UPMIFA + safeguarding in one tenant.
Summary
RiskWatch ships a risk and compliance assessment platform built around pre-mapped control libraries for 40+ regulatory frameworks. For 501(c)(3) public charities, federally-funded nonprofits, community foundations, faith-based and youth-serving charities, and university and hospital foundations the load-bearing fit is the framework breadth plus the deployment model: IRS Form 990 governance disclosures, OMB Uniform Guidance 2 CFR Part 200 with the 2024 revision effective October 1 2024, Single Audit under 2 CFR 200 Subpart F with the new $1M federal-expenditure threshold, UPMIFA endowment-policy attestation, FASB ASC 958 net-asset classification, multi-state Charity Commission registration evidence with Unified Registration Statement reuse, SafeSport and NCFY safeguarding overlays, PCI DSS v4.0.1 for donor credit-card processing, CCPA / CPRA for California donor records, and HIPAA for nonprofit health-services arms all live in one tenant with cross-mapping. Single-tenant deployment with customer-owned data residency satisfies state Attorney General data-residency expectations on donor records and the Form 990 Part VI Question 17 data-breach disclosure obligation. The platform has been in the field since 1993 and has state and federal customers; the brand carries weight on RFP shortlists when a nonprofit CFO justifies the choice to the Board of Directors Audit Committee.
Strengths
- Pre-built control libraries for IRS Form 990 governance disclosures (Part VI Question 17 data-breach + Schedule O narrative + Schedule R related-entity), OMB Uniform Guidance 2 CFR 200 (Subpart D + Subpart E + Subpart F), Single Audit under the new $1M threshold effective October 1 2024, UPMIFA endowment management, FASB ASC 958 net-asset classification (with and without donor restrictions per ASU 2016-14), and 41-state Charity Commission registration with Unified Registration Statement reuse in one tenant
- Cross-mapping engine auto-detects shared controls across IRS Form 990 + OMB Uniform Guidance + Single Audit + UPMIFA so the audit-evidence pack assembles once and re-uses across the Audit Committee, the state Attorney General registration filing, and the grant-funder diligence questionnaire
- Safeguarding incident workflow aligned to the SafeSport Code, NCFY youth-program standards, Praesidium Standards, and state mandated-reporter laws with case-file evidence retention that survives a state Attorney General investigation
- Single-tenant deployment with customer-owned data residency answers state Attorney General data-residency expectations on donor records and the Form 990 Part VI Question 17 data-breach disclosure obligation
- Survey-based assessment engine works for non-technical program directors, finance staff, and volunteer coordinators without a workflow-builder learning curve
- 33-year operating history; state Charity Commission and grant-funder procurement teams recognise the brand when a nonprofit CFO justifies the choice to the Board of Directors Audit Committee or to a federal pass-through grantor
- Vendor and third-party risk management for the nonprofit's outside service-providers (fiscal sponsor, donor-CRM vendor, payment processor, professional fundraiser, grants-management SaaS, mass-notification provider) with SOC 2 and BAA tracking for HIPAA-adjacent nonprofit health arms
- PCI DSS v4.0.1 SAQ A / A-EP / D-Merchant workflow for nonprofits processing credit-card donations directly or via a payment-processor service-provider; CCPA / CPRA donor-record DSAR workflow for California 501(c)(3) operations
Weaknesses
- Not a nonprofit-accounting or fund-accounting platform at Sage Intacct or Blackbaud Financial Edge NXT depth; UPMIFA endowment policy and FASB ASC 958 net-asset classifications managed via assessment workflow, not a fund-accounting GL. Pair with Sage Intacct, Blackbaud Financial Edge NXT, NetSuite for Nonprofits, or QuickBooks Nonprofit for the actual books of account.
- Not a donor-CRM at Salesforce Nonprofit Cloud, Blackbaud Raiser's Edge, or Bloomerang depth; donor records and gift-receipting workflow assumed to live in the nonprofit's CRM. RiskWatch covers the donor-data-privacy risk layer (PCI DSS + CCPA + GDPR) rather than the donor-relationship workflow.
- Not a grants-management platform at Submittable, Foundant, Fluxx, or GivingData depth; grant-application workflow, reviewer scoring, and grant-disbursement tracking live in dedicated grants-management tools. RiskWatch covers the OMB Uniform Guidance subrecipient monitoring + Single Audit working-paper layer above the grants-management tool.
- Not a risk-pool RMIS at Origami Risk depth for nonprofits operating a 501(c)(3) captive insurance arrangement or a national-affiliate insurance pool; pair with Origami Risk or Riskonnect for claims, broker-of-record, and policy-administration depth.
- Public pricing is partial; typical contract bands published but Enterprise is quote-only because deployment topology varies materially across small-charity (under 50 staff, $5M budget), mid-market nonprofit (200-2,000 staff, $50M-$200M budget), and national-foundation (5,000+ staff, $1B+ assets) tiers.
- Brand awareness on G2 and Capterra is lower than Optro, Riskonnect, MetricStream, or Diligent HighBond for the nonprofit buyer cohort; total third-party review volume sits below 100, which affects buying-committee perception when a CFO must validate vendor recognition against peer charities.
501(c)(3) public charities, community foundations, federally-funded nonprofits expending $1M+ in federal awards, faith-based and youth-serving charities, and university and hospital foundations (50-5,000 staff) running IRS Form 990 + OMB Uniform Guidance + Single Audit + UPMIFA + multi-state Charity Commission registration + safeguarding in one tenant who also want vendor and third-party risk management for fiscal sponsors, donor-CRM vendors, payment processors, and grants-management SaaS providers.
Nonprofits where the dominant requirement is fund-accounting at Sage Intacct or Blackbaud Financial Edge NXT depth (pair with those tools), or donor relationship management at Salesforce Nonprofit Cloud or Blackbaud Raiser's Edge depth (pair with those CRMs), or a 501(c)(3) captive insurance RMIS at Origami Risk depth (use Origami Risk for the claims engine and RiskWatch for the firm-wide policy and audit layer above it).
Key features
- Pre-built control libraries for IRS Form 990 governance, OMB Uniform Guidance 2 CFR 200, Single Audit, UPMIFA, FASB ASC 958, multi-state Charity Commission registration with Unified Registration Statement reuse, SafeSport / NCFY safeguarding, PCI DSS v4.0.1, CCPA / CPRA, GDPR, and HIPAA
- Cross-mapping engine auto-detects shared controls across Form 990 + Uniform Guidance + Single Audit + UPMIFA + state Charity Commission
- Form 990 Part VI Question 17 data-breach disclosure workflow with state-breach-law overlays
- Single Audit working-paper builder under the new $1M threshold effective October 1 2024
- UPMIFA endowment-policy attestation with quasi-endowment appropriation tracking against ASC 958 net-asset classification
- Multi-state Charity Commission registration evidence pack with URS reuse across 41 states
- SafeSport / NCFY / Praesidium safeguarding incident workflow with mandated-reporter tracking
- Vendor and third-party risk management for fiscal sponsors, donor-CRM vendors, payment processors, grants-management SaaS, mass-notification providers
Integrations
25+ native. Notable: Microsoft Entra ID (SAML SSO), Okta, Microsoft 365 / SharePoint, Salesforce Nonprofit Cloud (via API), Blackbaud Raiser's Edge NXT (via API), Sage Intacct (via API), Slack, Custom REST API.
Target size
25 to 10,000 employees · US · Canada · UK · EU · AU