Turnaround/Crisis Management Case Study

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With an unrelenting focus on the three C's of a turnaround — cash, communication, control — we can help you in an advisory or interim management capacity to triage effectively for the short term and restructure for the long term as we did with this not-for-profit, which was suffering with an inadequate endowment, decreasing donations, and rising expenses.

Our initial analysis showed that, without significant intervention, the organization would have to shut its doors within two months. Our work included:

  • Immediately triage around cash, while ensuring support from creditors and donors.
  • Reduce expenses and quickly create a two year budget and restructuring plan.
  • Once a bit more stable, a focus on fundraising.

The result? A 25% leaner organization within three months. New leadership within six months. An operating surplus within one year (after five years of breakeven or deficit years). And, a debt pay down of 60% within two years.