Company Profile: DMLO CPAs
Overview
DMLO CPAs is a leading accounting and business advisory firm located in Louisville, Kentucky, established in 1975 by Joel Deming, Bill Malone, John Livesay, and Armand Ostroff. The firm has grown to become the largest locally owned CPA firm in the region, emphasizing a client-centric approach that goes beyond mere service offerings to actively contribute to community and business welfare.
Services and Industry Focus
DMLO CPAs provides a broad array of services, including:
- Assurance
- Business Valuations
- Forensic Accounting
- Tax Planning
- Trust & Estate Services
The firm serves diverse sectors such as construction, credit unions, hospitality, insurance, long-term care, manufacturing, distribution, non-profit organizations, real estate, and various service industries.
Achievements and Recognition
DMLO has gained recognition for its commendable workplace culture and diversity. The firm is notable for having over 55% of its CPAs as women, and it has earned accolades from Louisville Business First for its philanthropy and as a top workplace. DMLO consistently receives high client satisfaction ratings.
Leadership Team
- Chris Ward, CPA/ABV/CFF, CVA: President of DMLO CPAs, with over 20 years in the field. He specializes in forensic accounting, business valuations, and professional services.
- Jeff McCaffrey, CPA: A Director focused on not-for-profit clients; he engages in educational and community organizations.
- Mike Cook, CPA: A Director leading the Construction and Financial Institution/Credit Union segments, proficient in financial auditing and tax services.
Strategic Alliances and Community Engagement
DMLO is part of BKR International, extending its reach globally. They maintain a strong commitment to community engagement through various philanthropic efforts and local affairs participation.
Recent Developments
DMLO rejoined BKR International on November 1, 2023, to enhance its global networking. The company also added two new directors in January 2024 and renovated its offices for improved client service.
Financial Performance
- Annual Revenue: Approximately $28.2 million
- Employee Count: Around 157 with a 3% growth rate over the past year
- Revenue Per Employee: Estimated at $179,300
Competitor Analysis
Major Competitors
1. Marcum
- Revenue: $588.3 million
- Employees: 3,791
- Growth: 3%
2. Frazier & Deeter
- Revenue: $24.0 million
3. Wegmann Dazet & Company
- Revenue: $15.0 million
4. Williams Benator & Libby, LLP
- Located in Atlanta, Georgia
- Specializes in audit, accounting, and tax services for middle-market companies.
5. Windham Brannon
- Provides CPA and consulting services, focusing on advisory, assurance, and tax.
6. Bartlett, Pringle & Wolf
- Based in Santa Barbara, specializing in tax, audit, and consulting services.
- Revenue: $17 million
- Employees: 82
7. RS&F (Rosen Sapperstein & Friedlander)
- Offers business advisory, accounting, auditing, and tax services.
- Revenue: $24 million
- Employees: 115
8. Mize Houser & Company P.A.
- Focused on accounting and IT services, especially for the restaurant industry.
Competitive Edge
DMLO CPAs stands out with its flexible, value-based workplace culture grounded in ethics, client satisfaction, and community involvement, which helps in attracting talent and building strong client relations.
Community Engagement
DMLO integrates professional services with community involvement, bolstering local business support and contributing significant societal value.
Strategic Insights
Entities aiming to engage with DMLO CPAs should align on community values and local business growth initiatives. Understanding DMLO’s flexible work culture can facilitate potential partnerships centered around work-life balance and professional growth opportunities.
