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Beatty & Company
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“The best way to predict the future is to create it”
Peter F. Drucker In general, Beatty & Company can assist your nonprofit in three broad
areas: Sit
in the seat. On an interim, part-time basis, I can perform the role of your Chief Financial Officer
or Chief Executive Officer. Often this is needed in order to allow sufficient time to fill a recent or
pending vacancy with a long term employee. At times, you have identified a need for input across a variety
of issues for an extended period of time and want senior staff to support the process, but not a full time employee. An analogy
might be seeing your general physician on a weekly basis. Review & recommend improvements with an “outside in” perspective.
To help assure that your financial people, processes & systems are prepared for the next five years (vs. the last
five), I can perform a review as if I were your CFO. A key benefit is my “outside in” perspective
that leans toward external best practices, instead of the highly natural perspective from someone on the inside.
After meeting with your staff and key Board members, I will identify any gaps between where you are and where you need
to go. If requested, I can implement any recommendations for improvement. A related offering is Controller
Coaching. In this case, you wish to see additional traits from your senior financial officer.
The person is strong in their job, dedicated, and open to suggestions for improvement. I can work
with you and the person to identify areas to improve (often this revolves around forward-looking analysis and presentation
skills) and a plan to make the improvements. An analogy might be asking your physician to look into particular
issue. Since 2001, Bob Beatty has served as chief financial officer (full-time, part-time,
interim, and advisory), chief executive officer, and provided other services for a variety of nonprofits including: Alliance Healthcare Foundation
(CFO) Casa
de Amparo (Other Services) Chicano Federation (Other Services)
Episcopal Community
Services San Diego (CFO) Father Joe’s
Villages/ St Vincent DePaul (Other Services) Home Start,
Inc. (Other Services) Jacobs Center for Nonprofit Innovation (CFO) Jewish Federation of San Diego County (CFO) MAAC Project (CFO) Make-A-Wish Foundation San Diego (Other Services)
Partnerships With Industry (Interim CEO/ CFO) Planned Parenthood San Diego (CFO) San Diego Center for Children (Other Services)
United Way of Los Angeles (CFO) United Way of Orange
County (CFO) United
Way of San Diego County (CFO/Interim CEO) Volunteers of America Southwest (Other
Services) He also serves as adjunct faculty with University of San Diego in the Nonprofit Leadership
and Management master's degree program, co-teaching non-profit finance.
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Driving effectiveness and efficiency in the nonprofit sector
The nonprofit industry lacks a market mechanism leading to what Joseph Schumpeter called “creative destruction”. When combined with low barriers to entry and micro-niches for targeted outcomes, the result is an industry that:
· Has an excess of providers · Is
undercapitalized · Is inefficient and ineffective · Has
a low level of innovation · Lags most other industries in terms of best practices and management
The nonprofit sector remains stagnant because there is no market mechanism to force change. As a result, donors and funders are looking for new vehicles to meet their philanthropic goals.
An industry restructuring is long overdue and will favor organizations that proactively seek out business combinations that are focused on driving efficiency and effectiveness. Organizations that continue to maintain legacy business strategies and maintain a solid wall between them and their “competitors” will most likely end not with a bang but a whimper (apologies to T.S. Eliot).
To assist in this process, Beatty & Company provides a four-phase advisory service aimed at:
1.
Identifying opportunities for business combinations; 2. Bringing opportunities to letter of agreement; 3. Moving
from letter of agreement to close; and 4.
Managing the implementation. Please contact me if you would prefer to create the future, instead of react to it. |
