W111: Cash Management through Crisis for Nonprofits & Associations [1.5 CPE/CAE credit]
|Title||Cash Management through Crisis for Nonprofits & Associations|
|Date||November 5, 2020|
|Time||3:30 pm – 5:00 pm (EASTERN TIME)|
|Description||COVID19 presents no shortage of challenges for executives leading not for profit organizations. The magnitude of impact to most not for profit organizations far surpasses initial considerations. As membership dues and conference registrations decline, many NFP and Associations are facing governance and management considerations related to the COVID19 Crisis. These include cash management, and tightly related budgeting, forecasting and financial planning techniques, as well as a need to keep board and finance committees well informed with frequent meetings and reports.|
Dan O’Dea joined CPA Department as Director of Outsourced Accounting, where he leads the accounting team and is responsible for managing the firm’s outsourced accounting function. Working closely with the founder, he supervises and evaluates employees to keep activities focused on the company’s overarching mission and goals of providing superior customer service designed to meet the needs of growing organizations.
Dan has been recognized for his extensive experience in accounting and finance, he was peer-selected as CFO of the Year, by the Charleston CFO Council in 2017. He has worked in a variety of local and national firms as Chief Financial Officer and Controller, as well as having served in the US Navy, and various community non-profit activities. Most recently Dan led finance and logistics operations for international manufacturing in the consumer-packaged goods space.
A US Navy veteran, Dan served more than 36 years of active and reserve service as an enlisted member and later as a commissioned officer. He received numerous awards and deployed multiple times to war zones, leading troops in hostile environments.
As a Joint Logistics officer, he led logistics operations for U.S. Security Cooperation as well as significant humanitarian assistance and disaster relief experience.
When not working Dan enjoys spending time with his family, boating, fishing, and doing a wide variety of outdoor activities.
|CPE (NASBA Category)||Finance|
|CAE (Field of Study)||Administration – Financial Management|
|CPE / CAE Credits||1.5|
|Learning Objectives||Preparation of Cash Budgets, Forecasts and Financial Planning
Review of ‘What-if’ Scenarios for Planning
Monitoring of Operating Reserves
Tightening of Cash Management, Cost Containment and Cash Flow
Creating a Culture of Overcommunicating to Boards and Finance Committees
U.S. Transactions Corporation
44044 Riverpoint Drive,
Leesburg, VA 20176
Phone: (866) 442-3327
Fax: (866) 511-0935
Key Points About Services
- Over the last 7 years, we have a client retention rate of 97.5% (vs. industry average of 67.4%).
- Three consecutive years (2012, 2011, and 2010) in President’s Club
- We prove and validate your success by providing an initial 6-month fee/savings analysis, and thereafter annually.