William R. Richardson
*** ******* ***** ******, ****, 44052
440-***-**** or 440-***-**** ablzp1@r.postjobfree.com
SENIOR FINANCE EXECUTIVE & STRATEGIC PLANNER
Chief Financial Officer / Controller / Director of Finance
Self-confident, driven CHIEF FINANCIAL OFFICER & CONTROLLER with over 30 years diverse
experience in accounting, management and leadership. Has an established record of success in developing
and implementing innovative ideas that produce bottom-line results. Quickly identifies problems areas and
develops workable, affordable correction strategies.
Areas of Expertise Include:
Financial & Strategic Planning Cash Flow Analysis / Management Presentation Development
Operations & Financial Analysis Accounts Receivable and Payable Identifying Critical Success
Factors & Key Performance
Complex Business & Tax Issues Inventory Management
Indicators (KPI)
Budgeting & Forecasting Organizational Leadership
Risk Management
P&L Management Human Resources Management
MS Office, MAS 90,
Margin Improvement Staff Development & Motivation
QuickBooks, Peachtree,
Financial Statement Generation Training & Mentoring
Windows, Unix
PROFESSIONAL EXPERIENCE
Chief Financial Officer – North East Ohio Health Services, Inc. – Cleveland, Ohio (2007 to 2009)
CFO for private not-for-profit corporation providing mental health services to indigent patients. Was totally responsible for
monthly interim financial statements, year end audit, the annual budget, payroll for 260 employees, tax reporting,
procurement, accounts payable and accounts receivable. Oversaw billing operations of $1.5 million a month in Medicaid,
Medicare and private insurance reimbursements. Managed an IT department with deployed resources of over 160
individually encrypted computers and servers allowing for the generation of electronic medical records thereby automating
and integrating the billing system.
Wrote and presented the business plan and pro forma presentation to lenders resulting in securing the financing
for an in-house pharmacy adding over $500,000 a month to revenue with a 16% gross margin.
Developed interim financial statements.
Implemented weekly and monthly program efficiency metrics.
Completed in-process and year end certified and governmental audits without qualification. Brought the 403 (b)
plan into regulatory compliance with the filing of delinquent 5500 reports.
Completed a comprehensive insurance risk assessment to insure contract compliance. Changed property,
casualty and liability insurance carriers reducing cost by over $40,000 per year.
Changed healthcare providers reducing cost by over $120,000 a year without compromising coverage.
Prepared an $18 million operating budget that was both site and program specific, providing program managers
with on-going variance analysis capability.
Directed staff of thirteen.
Chief Financial Officer – Community Assessment and Treatment Services, Inc. – Cleveland, Ohio (2001 to 2007)
CFO for a private not-for-profit corporation providing residential and outpatient treatment to individuals under the control
of the criminal justice system with substance abuse issues and/or mental illness. Prepared monthly interim financial
statements. Responsible for all accounting systems as well as the year end certified audit, governmental audits and
informational tax returns. Participated in the development of the five year strategic plan and developed the supporting
financial model. Managed human resources, the billing department, building maintenance at three sites, and a kitchen
producing approximately 130,000 diet controlled meals a year.
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William R. Richardson
309 Bascule Drive Lorain, Ohio, 44052
440-***-**** or 440-***-**** ablzp1@r.postjobfree.com
Revised the billing cycle and established a formal collections policy that increased cash flow. Instituted stringent
formal procurement policies and procedures that eliminated unnecessary purchasing primarily affecting the
procurement plan for the kitchen resulting in savings of over $80,000 a year while increasing the quality of the
food service. Developed a comprehensive cash management program that resulted in minimal use of the existing
line of credit.
Prepared and presented the business plan and pro forma financial presentation used in acquiring a $2.1 million
industrial revenue development bond used to build a new facility. Oversaw the construction of the new facility.
Completed the project in 15 months at 3% over the $2.4 million budget.
Completed a delinquent audit, resolved years old financial and compliance audit issues resulting in unqualified
opinions for all years. Instituted a monthly closing discipline that included reconciliation of all accounts, reducing
our year end audit fees.
Coordinated an insurance risk assessment resulting in a reduction of our property, casualty and liability
insurances by over $50,000 a year. Changed health care coverage resulting in a 6% net increase in rates over
three years saving the Agency over $190,000.
Principal Consultant – Financial, Operational and Strategic Consulting (F.O.S.) – Cleveland, Ohio (1998 – 2001)
Principal Consultant on financial, operational, and strategic consulting engagements to tier 2 and 3 automotive
component manufacturers and companies in the machine tool industry.
Helped clients establish costing and inventory control systems, cash management, new business development,
accounting systems, strategic planning and exit strategies.
President – Carter Machine Co. – Manfield, Ohio
President for a proprietary manufacturing company. Managed 150 staff and 5 direct reports including VP of
Sales, VP of Engineering, Purchasing Manager, Human Resources Manager and Scheduling Manager. Removed
bottlenecks. Reduced production constraints.
Achieved second highest month of Sales and Revenue in 49 year company history. Diversified markets through
personal contacts, trade shows, and direct selling. Increased productivity and machine utilization.
General Manager, Vice President of Operations – Ely Enterprises, Inc. – Cleveland, Ohio
VP of Operations for an equipment recycling/material handling company. Maintained responsibility for all financial
matters, human resources, risk management, rebuilding and refurbishing of equipment, repair service
operations, and quoting/rebuilding procedures.
Managed 22 staff and 3 direct reports. Prepared Chapter 11 filing and led the company through the
reorganization without permanently damaging vendor relationships. Returned to profitability in one year.
Controller, Secretary/Treasurer, Chief Operating Officer – StanSpec Corporation – Cleveland, Ohio
Controller for a design, engineering and manufacture of standard and special material handling equipment.
Managed 120 staff and 4 direct reports.
Maintained complete responsibility for all accounting through audited financial statements, credit and collection,
cash management, payroll and account payable processing, inventory management, and cost accounting.
Led the company through a 4 year IRS personal and corporate audit resulting in no additional taxes being due.
EDUCATION & PROFESSIONAL DEVELOPMENT
BS, Accounting
University of Akron
Akron, Ohio
Agency Services Committee member, Cuyahoga County United Way
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