Case Studies
J.S. Held Strengthens Forensic Accounting Expertise for Marital and Commercial Disputes with Acquisition of Forensic Accountants & Consultants
Read MoreThe organization was a Minnesota-based 501(c)(3) nonprofit that provided job training, employment placement, and other community programs for people facing barriers to employment. Its programs were supported by revenue generated through a nationwide network of nonprofit retail thrift stores. Our team was retained to assess the organization’s business and financial condition. Based on this assessment, we developed forward-looking strategic options.
Our team advised management and the board on immediate priorities and developed a long-term plan aligned with the organization’s mission. We conducted a contribution analysis for each store and incorporated the findings into comprehensive analyses of the organization’s income statement, balance sheet, cash flow, availability, and liquidity. We also prepared a store reopening and reorganization plan that addressed expense reductions, business realignment, and leadership needs. The plan enabled the organization to avoid bankruptcy, reopen all store locations, and maintain successful operations.
> Business / Operational Assessment
Most consulting firms approach a business assessment from a purely financial perspective — our assessments provide a 360° view of a business, addressing growth drivers, profitability, and uses of capital. Along with detailed financial performance reviews and cash flow forecasting, our comprehensive Business / Operational Assessment identifies the various challenges clients encounter throughout their operations. This allows our experts to collaborate with clients to develop new strategies and execute initiatives to help ensure success.
> Turnaround and Restructuring Services
Navigating the many challenges confronting a company in transition requires an operationally focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth. Drawing upon decades of experience in the turnaround space, we help companies in transition identify practical strategies to improve profitability and liquidity for immediate relief, while concurrently developing and executing a comprehensive turnaround plan for long-term, sustainable value creation.
