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Non Profit Board Wanted Better Financial Reporting and Insight Into The Financial Status and Viability of The Agency. 

Non-Profit Needs to Improve Board Level Financial Information

The Board of Directors of a non-profit agency wanted better financial reporting and insight into the financial status and viability of the agency. 
Challenges:
  • Financial statement preparation was outsourced and not being reported in a timely manner.
  • The Executive Director found the statements difficult to understand.
  • The agency had consistently been losing money and was running out of reserves.
  • The long-term sustainability of the agency was in question. It was unknown how long the agency could survive.
Solution
  • A Fractional (part-time) Lauber Business Partners CFO was engaged to work with the office manager to bring the outsourced accounting function back in-house.  
  • Financial statements were revised into a meaningful and understandable format and were completed in a timelier manner. 
  • Lauber Business Partners, Inc. CFO worked closely with the Executive Director allowing her to gain a better understanding of the financial workings of the organization.
  • Historical and forecasted financial information was presented at all board meetings. 
What this meant to company
  • When presented with thorough and easily understood financial information, the comfort level of the board increased dramatically.
  • A realistic picture of the financial status allowed the board to strategize about the mission and alternatives regarding the agency’s future.
  • Normalized operations allowed the Agency to operate for over two years before they negotiated a merger with a larger agency that shared a compatible mission.
  • As part of the merger, all obligations were satisfied, and all employees retained their jobs.
The value of a Fractional (part-time) Lauber Business Partners CFO:
  • Extensive domain expertise in senior financial position.
  • A trusted advisor to CEO on many matters.
  • Looks at business through perspective of maximizing competitiveness and long-term enterprise value.
  • Extended tenure with clients helps develop stronger financial and business acumen across client’s leadership team.
​
Engage a seasoned Chief Financial Officer with extensive skills, experience and strategic insight without paying the premium salary commanded by a full-time CFO. For more information please contact Lauber Business Partners, Inc. at 414-273-8060 or info@lauber-partners.com.
Lauber Business Partners, Inc.
Finance and Accounting
Human Resources
Coaching
Recovery & Rebuild Services
Executive Search
Nonprofit Management
Growth Planning
Recruitment Process Insourcing (RPI)
Contact
924 East Wells Street, Suite 408
Milwaukee, WI 53202
414-273-8060
info@lauber-partners.com
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  • About
    • About Lauber
    • Pets of Lauber
    • Leadership
    • Client Testimonials
    • Industries We Serve
  • Services
    • Finance & Accounting
    • Human Resources
    • Executive Search
    • Nonprofit Management
    • Coaching
    • Growth Planning
    • Recovery and Rebuild Services
    • Recruitment Process Insourcing
  • How We Deliver
    • Fractional Leadership
    • Interim Leadership
    • Consulting
  • Thought Leadership
    • Blogs
    • Case Studies
    • Media Mentions
  • Join Lauber
  • Contact