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Warren Whitney provides fractional CFO and Controller support for a nonprofit managing grant funding, cash flow, budgeting, and financial reporting.

Helping a nonprofit turn complex funding into clear financial visibility.

Ongoing financial clarity for a nonprofit managing complex funding, cash flow, and reporting needs.

CLIENT TYPE

Nonprofit / Housing Support

SERVICES WE PROVIDED

Fractional CFO/Controller Support / Financial Reporting / Cash Flow Forecasting / Grant and Restricted Funding Tracking / Internal Controls / Budgeting / Audit and Tax Preparation for External Auditing Firms / Banking and Accounting System Transition

SUPPORT TYPE

Ongoing fractional CFO & Controller leadership

OUTCOME

Warren Whitney continues to provide fractional CFO/Controller leadership that helps the nonprofit track restricted funding, manage reimbursement-based cash flow, strengthen reporting, prepare for audits and budgeting cycles, and make informed financial decisions.

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THE STORY

From a referral in the same building to an ongoing fractional finance relationship.

Homeward first engaged Warren Whitney after its chief executive saw our work with another nonprofit located in the same building. That organization was receiving similar financial leadership from Warren Whitney, and the client recognized a need for higher-level financial visibility within their own organization.

Homeward already had an Operations Director/Grant Manager who handled payroll and worked with a contract bookkeeper for accounting-related work. Warren Whitney was brought in to provide fractional CFO/Controller leadership, helping the organization better understand its financial position, track funding, manage cash flow, strengthen internal controls, and prepare for major financial decisions.

The engagement continued through COVID-19, when federal funding, reimbursement timing, and cash flow became more complex. The relationship remains active today as Warren Whitney continues to work with Homeward on financial reporting, budgeting, banking, audit preparation, grant tracking, and accounting system changes.

The Situation

Homeward needed more than accounting transaction support. Leadership needed a clear and current view of the organization’s financial position.

During COVID-19, the organization received significant federal funding. While that funding was important to Homeward’s work, it also created financial complexity. The organization often needed to provide services and cover costs before government reimbursement was received. That made cash flow planning, restricted funding tracking, banking relationships, and access to lines of credit essential.

Those needs did not end with the pandemic. Homeward continues to manage grant funding, restricted funds, reporting requirements, budgeting, audit preparation, and system changes. Warren Whitney remains engaged to help the leadership team understand what is happening financially, clarify what needs attention, and plan ahead.

Key needs included:
• Fractional CFO/Controller leadership
• Higher-level financial visibility
• Weekly cash flow reporting
• Grant and restricted funding tracking
• Chart of accounts cleanup and ongoing review
• Monthly financial statements
• Review of bank and investment account activity
• Internal controls
• Annual budgeting and budget presentations
• Annual audit and tax preparation
• Banking relationship support
• Line of credit planning

Warren Whitney’s Role

Senior-level financial oversight alongside the nonprofit’s existing team.

Warren Whitney serves as Homeward’s fractional CFO/Controller, working alongside the organization’s COO, contracted bookkeeper, executive leadership, and other stakeholders.

Our role is not to run payroll or replace the contracted bookkeeper. We provide the senior-level finance leadership needed to help the organization understand its financial position, manage funding complexity, and make informed decisions.

That work includes preparing and reviewing financial reports, tracking restricted funding, monitoring cash flow, supporting budgeting, assisting with annual audits and tax returns, strengthening internal controls, and helping leadership conduct banking and system changes.

Our Value

Clearer reporting, stronger cash flow planning, and financial leadership that continues as needs change.

1

Clearer Financial Visibility

Leadership has a more current view of the organization’s financial position through weekly cash flow reporting, monthly financial statements, and review of bank and investment activity.
2

Stronger Cash Flow Planning

Warren Whitney helps Homeward manage the timing challenges that come with reimbursement-based funding, including the need to provide services before government payments are received.
3

Improved Grant and Restricted Funding Tracking

The organization has stronger visibility into restricted funding; including, what dollars can be used, when they can be used, and how they should be tracked.
4

Cleaner Financial Reporting

Ongoing chart of accounts cleanup makes financial reports more useful to leadership for budgeting, grant tracking, and decision-making.
5

Stronger Internal Controls

Warren Whitney helps improve financial processes so the organization can better manage funding requirements, reporting needs, and organizational risk.
6

Ongoing Fractional Finance Leadership

Homeward has access to CFO/Controller-level guidance without replacing its COO, contracted bookkeeper, or existing internal team and at a fraction of what a full-time hire would cost.

Before and Today

From limited financial visibility to ongoing finance leadership for a more complex funding environment.

Before Warren Whitney

  • Limited high-level financial visibility

  • Complex federal and grant funding

  • Cash flow pressure from reimbursement timing

  • Need for stronger restricted funding tracking

  • Chart of accounts cleanup needs

  • Need for stronger internal controls

  • Banking relationship and line of credit needs

  • Annual budgeting, audit, and tax preparation needs

  • Accounting and/or banking system transition needs

After Warren Whitney

  • Ongoing fractional CFO/Controller leadership
  • Weekly cash flow reporting
  • Clearer monthly financial statements
  • Better visibility into bank and investment accounts
  • Improved grant and restricted funding tracking
  • Cleaner chart of accounts
  • Stronger internal controls
  • Annual budgeting and financial presentation support
  • Annual audit and tax preparation support
  • Banking relationship and line of credit guidance
  • Continued financial leadership as funding, systems, and reporting needs change
Kelly King Horne Chief Executive Officer Homeward
Client Quote

“Having a skilled contract CFO from Warren Whitney has strengthened our financial operations and allowed us to incorporate strategic resource management into our overall mission and planning. The urgency of our work to reduce homelessness compels us to make the best use of the resources we have. The financial visibility and clarity we have gained from our work with Warren Whitney since 2020 makes it possible for us to maximize our resources and to confidently invite other partners and funders to join us.”

Kelly King Horne | Chief Executive Officer | Homeward

Need Similar Support?

If your nonprofit is managing grant funding, restricted dollars, reimbursement delays, or reporting needs that have outgrown your current finance structure, Warren Whitney can help. Our fractional CFO and Controller professionals work alongside your existing team to improve financial visibility, strengthen reporting, and give leadership the information they need to make better decisions.

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