Monadnock Christian Ministries (“MCM”), is a Jaffrey, NH-based nonprofit organization that offers retreats, conferences and camps for families, churches and communities. The cumulative effect of several crises - which occurred over multiple years - led to a financial shortfall and in April 2016 the MCM board formally delivered a vote of no confidence in its financial reporting. That decision cleared the way to engage Driven Insights to help Executive Director, Roy Baldwin, and the MCM board of directors move decisively to rectify the situation.
With dwindling cash reserves and mounting debt, Roy and the MCM board made the bold decision to invest in the organization’s finance function to gain the transparency required to turn it around.
Numerous challenges prompted the outreach to Driven Insights:
Driven Insights cleaned up MCM’s books back to the beginning of the current fiscal year and implemented the systems and technology required to streamline accounting process. They then took over the day-to-day finance function for MCM, providing ongoing bookkeeping, payroll and controller services.
MCM receives a monthly financial reporting package – comprised of income statement, balance sheet, statement of cash flows and more - tailored to their needs. They also participate on a monthly call with their Driven Insights accounting team to review and analyze the results and plan for the upcoming month.
Driven Insights also led MCM’s first ever comprehensive annual budgeting process to align with the organization’s strategic plan.
Expanding the Mission: