You are a voluntary advisor for the Hikers and Bikers of New England, a club that is in the early stages of registering as a not-for-profit organization. The club has members from New Hampshire, Vermont, and Massachusetts. Knowing that an audit is important to donors, you have been tasked with researching whether financial statement audit requirements differ between the states.

Required

Use the state law nonprofit audit requirements section of the National Council of Nonprofits’ audit guide to compare the audit requirements of the three states. Write a brief memo to the advisory group outlining which state may be best for incorporation under different circumstances.