Redesign the finance structure and processes of Jersey Cares to position the organization for strength, compliance and growth.

Jersey Cares has grown from a $100,000 revenue organization in 2006 to a $3 million dollar organization in 2022. Our financial management systems and structure have grown with the organization, albeit somewhat organically. We do not have a CFO and all finance responsibilities fall to the CEO for oversight, an Operations Director who does not have a finance background, an outside bookkeeping firm and an independent auditor. The organization is at an evolutionary crossroads and needs to step forward into a more advanced and robust financial management system. We wish to identify weaknesses and gaps as well as opportunities for greater control and efficiency to create a new and appropriate system including cash management systems, staffing structure, approval processes, risk controls, grants management and other components.
A comprehensive deep-dive into existing structures and processes will be required to conduct a thorough analysis. This would need to include: • Interviews with staff • reviews of existing forms and process flows, • analysis of similar sized organizations, • study of IRS requirements, • and more. Building on the analysis, preparation of recommended structure and processes within budget guidelines (to include cost details) will be needed.
Success will be a clear, detailed structure and process map with written findings and recommendations for an optimal, redesigned financial management system. Provided budget parameters and other criteria are met, we would like to have implemented the majority of the team’s recommendations within six months of completion.