“John brought fresh ideas to our cash management, pension funding, and investment management strategies that made significant contributions to revenue and the efficiency of our financial operations.”
– Jennifer Consilvio, former Chief Financial Officer, American Civil Liberties Union
Financial Management
We can develop or supervise any of these essential functions for your organization:
Accounting & Financial Operations: Provide efficient and timely revenue deposits, bill payments, payroll processing, account reconciliation, and transaction recording
Financial Statements: Prepare statements following Generally Accepted Accounting Principles (GAAP), to include regular reviews with your staff
Budgeting: Work across departments to lead the annual budget process
Variance Analysis: Analyze differences between budgeted and actual revenues and expenses, identifying opportunities to streamline operations
Audit Management: Manage relationship with audit teams to ensure smooth financial and regulatory audits
Banking & Liquidity: Manage payments, forecast cash flow, negotiate & operate lines of credit
Investment Management: Provide prudent portfolio oversight
Cost Savings & Efficiencies: Review current processes to identify and execute opportunities to reduce expenses, accelerate cash flow, and improve management reporting
Internal Controls & Governance: Evaluate current processes to make sure checks and balances exist to prevent errors and misappropriation of funds. Review governance structure to ensure proper oversight.
Employee Benefits: Implement health and retirement plans to strengthen employee welfare.
Services
Treasury Consulting
Larger nonprofit organizations will benefit from establishing an efficient treasury management function, which can result in millions of additional dollars per year. Such services include:
Cash Positioning: Increase interest income by establishing a process for determining daily cash needs and investing the remaining balance
Money Market Investments: Review and recommend appropriate short-term investments for safety, availability of funds, and market return
Line of Credit: Negotiate lines of credit to cover seasonal donation shortfalls
Cash Management Structure: Evaluate bank account structure for efficiency and effectiveness
Cash Flow Forecasting: Develop a model to forecast cash flow under various scenarios
Investment Manager Search: Oversee search for an endowment portfolio manager
Investment Policy Statement: Write or update documents governing investment management
Long-term Treasury Management
If your nonprofit does not have the in-house staffing to manage your treasury function, we are happy to handle:
Daily Cash Positioning: Determine daily cash needs and use the remaining balance to invest or pay down debt
Short Term Investing: Manage short-term working capital portfolios
Cash Flow Forecasting: Forecast cash flow under various scenarios
Service & Investment Fee Management: Regularly evaluate fees paid to commercial banks and investment managers to ensure accuracy and identify savings opportunities
