Execute Now! lends a financial hand to longstanding nonprofit
Judi Bishop is a former CEO of 20 years from the YWCA in Fort Worth, Texas. She was brought out of retirement to serve as interim CEO at the Baton Rouge center while it conducted a search for the permanent post. “Eight months is a long time to be away from home but I’ve loved every minute of it. We’ve made incredible progress at the Baton Rouge YWCA and Execute Now! has played an essential role in that progress,” Bishop claims.
When Bishop arrived in Baton Rouge, the YWCA didn’t have a CFO. The board considered hiring a CFO until Judi visited with the staff at LANO about the situation. LANO recommended Bishop meet with Erica Crenshaw, CEO of Execute Now!, a finance and accounting services firm, and the partnership was formed.
“Execute Now! got us on track. They reconciled bank statements, created accurate and timely financial statements, developed financial analyses each month and examined cash flow. Their full-service operation allowed me to perform other critical leadership tasks in preparation for the new CEO and incoming board. We have their consultants on-site every week, and they’ve become part of the team and an invaluable resource for us,” asserts Bishop
Bishop acknowledges cash reserves are critical when running an organization that provides many free services like the YWCA and income throughout the year fluctuates. “With Execute Now!’s financial leadership, we’ve gone from a day and a half to two months’ reserves, and we’re well on our way to the recommended six months,” celebrates Judi.
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