MDI Consulting

What MDI Consulting does

MDI Consulting is a privately held financial consulting firm based in South Orange, New Jersey, that provides accounting, audit, taxation, and management services exclusively to nonprofit organizations and social enterprises. Founded in the late 1980s and led by principal consultant Tonia Papke, the firm has accumulated more than 30 years of sector experience, with the principal having served as outsourced CFO for 24+ nonprofit organizations. The stated client base spans national and international nonprofits across environmental conservation, social justice, healthcare, arts and culture, religious education, housing, and economic development.

The firm's core product is FUND E-Z, a nonprofit fund accounting and fundraising software established in 1990, offered in Standard and Pro editions. The software combines traditional fund accounting modules—General Ledger, Accounts Payable, Accounts Receivable, Client Billing, Direct Allocations, Batch Processing, Bank Reconciliations, Budgeting, and Financial Reports—with nonprofit-specific features for monitoring accounts, programs, projects, departments, restrictions, grants, donors, and funders. The Pro edition adds Purchase Orders/Encumbrances, Advanced Security, Indirect Allocations, a Custom Report Writer, and a Customizable Chart of Accounts, and the platform includes HIPAA-compliant billing capabilities. The software is targeted at small and mid-sized nonprofits and distributed directly via the firm's website and FundEZ.com.

MDI Consulting generates revenue through two streams: professional services (part-time or temporary outsourced CFO engagements and financial consulting covering system design, financial policies and procedures, investment policy statements, audit preparation, and board training) and software licensing for FUND E-Z. Both pricing models are undisclosed and require direct sales contact. Distribution is entirely direct and relationship-driven, concentrated in the New York metropolitan area with national reach via the software channel. The firm maintains 1–10 employees, no parent company, no institutional investors, and no disclosed external funding, operating as a small boutique practice. Note: the firmographic founding date (1985) and a secondary source (1992) are inconsistent in the input; the description reflects this ambiguity.

Name

MDI Consulting

Legal name

MDI Consulting

Website

https://mdiconsult.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

MDI Consulting is a privately held, 1–10 employee boutique financial consulting firm based in South Orange, New Jersey, providing outsourced CFO services, financial consulting, and its FUND E-Z fund accounting software exclusively to nonprofit organizations and social enterprises.

Ownership category

akta.pro rank

Product category

Nonprofit Financial Consulting

NAICS

Other Management Consulting Services (541618), Management Consulting Services (54161), Administrative Management and General Management Consulting Services (541611)

SIC

Services-Management Consulting Services (8742), Services-Engineering, Accounting, Research, Management (8700), Services-Prepackaged Software (7372)

akta.pro primary industry

Outsourced Finance & CFO Services (BPAHABAE)

akta.pro secondary industries

Financial Management & Performance Improvement Consulting (BPAHACAF), Risk, Compliance & Internal Controls Consulting (BPAHACAJ)

Keywords

• Nonprofit financial consulting
• Fund accounting software
• Outsourced CFO services
• Nonprofit accounting systems
• Grants fund management

Headquarters

HQ city

South Orange

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Outsourced CFO Services: Part-time or temporary CFO services for nonprofit organizations seeking financial leadership, including supervision of bookkeeping staff, financial record review, long-range projections, audit preparation, and treasury functions.
2. Financial Consulting: Consulting services including design and installation of fund accounting systems, development of financial management policies and procedures, investment policy statements, audit assistance, and board training.
3. FUND E-Z Software Licensing: Software solutions for nonprofit fund accounting, with Standard and Pro edition packages. Established in 1990, targeting small to mid-sized nonprofits.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

MDI Consulting provides outsourced, part-time or temporary CFO services and financial consulting to nonprofit organizations and social enterprises, covering bookkeeping oversight, financial reporting, audit preparation, treasury functions, investment policy development, and accounting systems implementation. The firm also sells FUND E-Z, a proprietary nonprofit fund accounting software (established 1990) with Standard and Pro editions, designed to manage grants, donors, funds, programs, and projects.

Product overview

MDI Consulting offers Fund E-Z, a nonprofit fund accounting software established in 1990 with two editions: Standard and Pro. The software combines fund accounting with fundraising solutions, enabling nonprofits to manage accounts, programs, projects, departments, restrictions, grants, donors, and funders. In addition to the software products, MDI provides consulting services including Outsourced CFO Services and Financial Consulting to help nonprofits implement best practices and conform to accounting standards.

Differentiator

Problem solved

Functional benefit

Brands

• Fund EZ: Nonprofit accounting and fund raising software solutions. FUND E-Z combines the power of a true fund accounting software system with the ease of use to perform complex accounting functions, monitor accounts, programs, projects, departments, restrictions, grants, donors and funders. Includes General Ledger, Accounts Payable, Accounts Receivable, Client Billing, Direct Allocations, Batch Processing, Bank Reconciliations, Budgeting, and Financial Reports.

Products and services

• FUND E-Z Nonprofit Accounting and Fundraising Software FUND E-Z is proprietary nonprofit fund accounting software established in 1990, priced for small to mid-sized nonprofits. It combines the power of a true fund accounting software system with ease of use to perform complex accounting functions, monitor accounts, programs, projects, departments, restrictions, grants, donors, and funders. Available in Standard and Pro editions, with Pro adding purchase orders/encumbrances, advanced security, indirect allocations, custom report writer, and customizable chart of accounts. Includes HIPAA-compliant billing capabilities.
• Outsourced CFO Services Part-time or temporary CFO services for nonprofit organizations seeking senior financial leadership on a flexible basis. Includes supervision of bookkeeping and accounting staff, review of financial records, preparation of long-range financial projections, presentation of periodic financial reports, preparation for annual audits and income tax returns, treasury functions, and evaluation of vendor contracts. MDI works as part of the client's senior team.
• Financial Consulting Financial consulting services for nonprofit organizations including design and installation of fund accounting systems, development of financial management policies and procedures manuals, investment policy statements, assistance with year-end close and annual audit, and board training in fiduciary duties.

Named customers30 records

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Support Center for Nonprofit ManagementcoreStrategic or Co-development PartnerActive member and Leadership Council participant. The Support Center provides workshops and consulting services to nonprofits in all areas of nonprofit management. MDI supports the center and participates in its community initiatives.
• Hudson Valley Nonprofit Consultants (HVNC)coreStrategic or Co-development PartnerMDI is an active member of this professional network founded on collaborative community strengthening. HVNC strengthens nonprofit organizations through shared knowledge and expertise within the network.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Emerging players

• Foundant Technologies: Cloud software provider for grantmakers, scholarship providers, and nonprofits with fund accounting-adjacent capabilities. Partial overlap with MDI's fund accounting software positioning, particularly among small-to-mid nonprofit buyers.
• Aplos Software: Cloud-native nonprofit accounting and CRM platform targeting small to mid-sized nonprofits. Competes with FUND E-Z on the same buyer segment with a modern SaaS delivery model that highlights MDI's legacy positioning risk.

Broad incumbents

• BDO USA Nonprofit Practice: Top-tier accounting and advisory firm with a dedicated nonprofit group serving large national and international nonprofits (similar in client caliber to MDI's roster). Represents the scale-tier competitor for board-driven outsourced finance mandates.
• Sage Intacct: Cloud financial management platform with a dedicated nonprofit edition including fund accounting and grant tracking. Provides an enterprise-grade alternative to FUND E-Z and the systems MDI Consulting typically implements.
• CliftonLarsonAllen (CLA): Large professional services firm with one of the largest nonprofit practices in the US, offering audit, tax, and outsourced CFO services. Competes with MDI for nonprofit CFO and audit-prep engagements at the mid-market and above.
• Blackbaud (Financial Edge NXT): Dominant incumbent in nonprofit software with a fund accounting/financial management product serving large nonprofits. Overlaps with MDI on nonprofit financial software but at much larger scale and with broader product portfolio.

Others

• Nonprofit Finance Fund: Mission-driven community development financial institution focused on nonprofit financial advisory, capacity building, and consulting. Adjacent ecosystem participant that influences nonprofit finance best practices and competes for advisory mindshare.

Direct peers

• Jitasa: Outsourced bookkeeping and accounting services exclusively for nonprofit organizations, including fund accounting, grant tracking, and CFO-level reporting. Directly comparable service offering and target customer base to MDI Consulting.
• Abila MIP Fund Accounting: Long-standing fund accounting software purpose-built for nonprofits and government entities. Directly competes with FUND E-Z in the same fund accounting software category with overlapping features (GL, AP/AR, allocations, reporting).
• Your Part-Time Controller: National outsourced accounting and CFO services firm specializing in nonprofit and association clients. Closely matches MDI's part-time/temporary CFO model, nonprofit fund accounting focus, and relationship-driven sales motion, but operates at meaningfully larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MDI Consulting