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Higher Education - A McShane Group Practice Focus

McShane Group professionals have a combined 80+ years experience as turnaround and workout consultants, crisis managers and interim senior managers. The skills learned from that experience have been successfully employed on a number of engagements for not-for-profit (section 501(c)(3)) organizations, including four colleges and universities. In addition to bringing financial, managerial and operating skills to the table, we understand the 501(c) (3) governance structure, fund balance accounting, how to work with the faculty, admissions office, student life and athletic departments and how to deal with critical vendors such as food service, maintenance and housekeeping.

Are you a higher education lender concerned about borrowers that:

• Have a negative cash flow in their operating fund
• Are experiencing declining enrollment
• Have aging campuses but no capital reserves or campaigns
• Have giving and development funds that fail to perform
• Are using endowment corpus to operate?

We would welcome your confidential enquires.

Sample Engagements:

Jacksonville University is a private university in Jacksonville, Florida, with enrollment of about 2,000. Jim Huitt advised the University on cost reductions, budgeting, sale of excess assets and financial forecasting. He attended monthly Board of Trustee meetings and monthly meetings with the universitys lenders, including negotiating a new $8 million line of credit and ultimately, a debt restructuring. For more information, contact Jim Huitt 804-225-0077 x33 or jhuitt@mcshanegroup.com .

Private College  -  Jim Ebbert and Jim Huitt are currently advising the lender to a private four year college in New England with enrollment of 940. Engagement initially involved a review of operations and development of both short and long term cash forecasting models and now is reduced to monthly on site reviews and reports. For more information contact Jim Ebbert 207-596-7700 x38 or jebbert@mcshanegroup.com .

View additional case studies at: http://www.mcshanegroup.com/sampleengagements.html

McShane Group
2345 York Road, Suite 102
Timonium, MD 21093
www.mcshanegroup.com