Afton advises charter management organization through liquidity challenges.
Afton guided a 5-school charter management organization serving 2,000 students through a significant liquidity crisis. Our work with this CMO focused first on providing an accurate view of the Organization’s immediate and ongoing liquidity situation. We built and monitored a weekly cash flow forecast which enabled immediate planning and decision making with the board, management, and key funders.
As the Organization was able to make decisions that led to more stable financial footing, Afton assisted with budget reforecast development, recommendations for board finance committee governance, and guidance through a CFO transition. Along the way, the CEO and finance team grew in their financial acumen, taking on much work themselves to monitor weekly cash flow and report finances to their board. The board finance committee is now more qualified, active, and consistent in serving in the governance role.