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Nonprofit Restructuring and Turnaround Services
Olszak Management Consulting provides Nonprofit Restructuring and Turnaround Services aimed at helping our clients anticipate, evaluate and successfully resolve urgent and high-impact challenges such as organizational insolvency, temporary cash flow impairments, operational mismanagement, unplanned key person turnover or obsolete mission that forces a complete restructuring or liquidation.
Without a doubt, the economic realities of the next few years will include financial and operational restructuring. Decreases and reallocations of government and private funds are forcing nonprofits to thoroughly reassess their program and administrative model. More often than not, doing more with less is not enough to address the immense pressures they face. By the same token, evaluating new opportunities in such a volatile environment can be overwhelming to even the most capable board and staff. Today’s environment demands financial and operational flexibility to address weaknesses or to create the ability to react to inevitable challenges and opportunities created in times of economic downturn. By evaluating the difference between risk and opportunity, we work closely with our clients to react appropriately to each.
Our model delivers responsive service and insights with a high degree of focus and confidence through a two-step approach:
- Conducting an assessment of the organization’s capacity, leadership and resources to identify a turnaround leadership team and develop the strategy
- Implementing the turnaround strategy, under the direction of the leadership team.
During each engagement, as interim director or key consultant, Lisa Olszak works closely with a leadership team to build stability and confidence. In undertaking the plan, Lisa engages constituents as needed and focuses on building consensus, managing expectations and controlling the process through an unbiased results-oriented approach.
Cash Management & Liquidity Generation
We recognize that one of the most vital resources for a troubled organization is its liquidity. Meeting payment obligations and satisfying debts as they come due instills confidence in government and private funders, customers, lenders and vendors. Our successful liquidity management provides restructuring options through working capital management and cost reductions that buy time to make operational changes and explore consensual solutions with their creditors.
Generating and managing cash is one of the most crucial components of a turnaround. We work to quickly understand how cash is generated, how it is disseminated and how to identify opportunities to rebalance or restructure those processes to better manage and ultimately build cash. Through old-fashioned common sense, we emphasize improved collections and reduced
disbursements. More specifically, during a crisis, we assist organizations in actively forecasting and tracking their cash flows. The cash forecast then becomes a tool that enables the organization to communicate with its investors and constituents and to take swift action, promoting organizational accountability through measured results.
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Interim & Crisis Management
Lisa Olszak acts as interim director or key consultant while the reorganization process is underway. Experienced at stepping in at a moment’s notice, Lisa establishes a sense of calm and order, builds confidence and provides a positive focus for the board and employees to rally around. In her role, Lisa can provide a range of assistance from turnaround strategy and implementation to operational oversight and executive recruitment and selection.
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Vendor and Lender Negotiations & Debt Restructuring
The centerpiece of this effort is a cash forecast that, in addition to being reality-based, fosters compelling communications with key constituents and acts as a vital operating tool for the organization. The debt renegotiation plan demonstrates a deep working knowledge of the key factors available to guide the organization. Granular and with the robustness to model a range of assumptions and sensitivities, we assist each organization in presenting a compelling business case to lenders and other key investors.
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Nonprofit Turnaround & Restructuring
In the current climate, dramatic change is becoming the rule, rather than the exception. And in the face of this transformation, Lisa Olszak provides the expertise and leadership necessary to facilitate a successful turnaround. By attacking problems, not people, Lisa builds consensus that allows quick decisions and sustainable progress. Through realistic business plans with contingencies, Lisa stabilizes key relationships with staff, investors and vendors. Lisa is capable of managing multiple demands and information requests from outside constituents.
As interim director or key consultant, Lisa stabilizes the organization financially, manages cash, generates liquidity, develops restructuring strategies and negotiates debt restructuring. As an operational advisor, Lisa restructures key functions and works with key constituents to create vision and consensus about the future.
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Sustainability Planning
Objectively assessing and evaluating opportunities and developing strategies that prioritize and translate those opportunities into a dynamic business plan is a survival must in the current economic environment. Through our experience in evaluating service viability and market potential, efficiencies created through partnerships and good business practices, our sustainability plans create organizational focus and confidence which recognizes the need for continued evaluation and fine-tuning.
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