The Company
Industry: Social Services
Entity Type: Non-Profit
Operating Region: Northeast
Size: $50M
The PROBLEM
The organization relied heavily on city and state grants, which are often delayed and documentation-intensive. Despite having a capable finance and accounting team with clear processes, the company needed an experienced finance leader to ensure the team stayed aligned with complex grant requirements, maintained operational stability, and preserved the flow of public funding.
The Solution
McDermott + Bull Interim Leaders placed a CPA with over 25 years of experience in both non-profit and for-profit sectors as the interim CFO. The interim leader brought a strong background in financial strategy, compliance, and board-level reporting, with deep knowledge of public funding structures and operational controls.
The RESULT
The interim CFO implemented a formal weekly disbursement process in response to cash flow constraints, took ownership of cash management, and strengthened internal financial controls. They also led reporting efforts and maintained vendor relationships to ensure operational continuity during a critical funding cycle.
Secured Supplier Agreement
Negotiated a payment plan with the organization’s largest vendor, covering both program and office supply needs.
Audit Delivered On Time
Led the organization through its most timely audit completion in four years, while managing weekly cash flow and vendor disbursements.
Compliance Actioned for 1099s
Completed required 1099 forms for individuals lacking Social Security numbers on file, ensuring reporting compliance.
Julie Francis
Managing Director, McDermott + Bull Interim Leaders
jfrancis@mbexec.com
Julie Francis serves as a Managing Director for McDermott + Bull Interim Leaders, where she identifies and secures highly skilled executives to address client companies’ critical business challenges, provide interim leadership, and oversee special projects. She works with executive leadership at middle-market and enterprise-level companies as well as with investment banks and private equity groups to improve operational and financial performance.