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Major National Non-Profit- Finance Strategy & Staff Training
Situation:
Non-profit companies were in financial distress and needed help analyzing unprofitable contracts.
Solution:
The HK Turnaround team successfully established systems for the organizations.
Details:
The HK Turnaround team was brought in to work with various non-profit companies in financial distress, including analyzing unprofitable contracts. The team recommended and implemented terminating contracts as necessary, reworked reporting lines of communications within the business and reworked corporate structure to improve the knowledge base of management.
Finally, to ensure continued success, the HK Turnaround team educated management on how to read and interpret financial information so that good business decisions could be made going forward.